China’s total polymer imports rebound in Feb 2012

(news.szenergy) -- According to data from Chinese Customs, China’s polymer imports posted a noticeable rise in February 2012 from January 2012.

With this monthly increase, the country largely compensated for the steep drop recorded in December 2011 and January 2012, largely due to the occurence of the weeklong Chinese New Year holidays in January this year instead of February as usual- resulting in depressed import figures for January. As a result, the new February figures were the highest for the month going back to 2001. According to data from Chinese Customs, China’s polymer imports posted a noticeable rise from 1.134 mln tons in January 2012 to 1.478 mln tons in February 2012, a jump of 344,000 tons month over month. With this monthly increase, the country largely compensated for the steep drop recorded from December 2011 to January 2012.

Apart from major exporters such as Saudi Arabia (295,423 tons), South Korea (260,605 tons) and Taiwan (172,766 tons), the US (99,611 tons), Thailand (95,866 tons) and the United Arab Emirates (89,400 tons) were the top polymer exporters to China in February 2012, with all of these countries increasing their total export volumes to China when compared to the previous month. Saudi Arabia, Oman and Japan almost doubled their total polymer exports to China over the month while Iran’s polymer exports to China fell to only around half of the level seen in January.