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South Korea September petrochemical exports up 7.42% at $2.75bn

October 27/2010

(ICIS) -- South Koreas petrochemical exports in September grew by 7.42% year on year to $2.75bn (?1.98bn), with a further rise expected in October as a result of higher product prices and low base-year figures, an analyst said on Wednesday.

Last month, for example, South Korea"s export price of naphtha rose 6% year on year to $674/tonne, while the propylene export price grew by 13% to $1,150/tonne, he said.

Exports in October could also be boosted by a higher number of working days, as compared with the same month last year, as the three-day-long Chuseok public holiday was this year celebrated in September.

Shipments of low density polyethylene (LDPE) in September surged 35% year on year to 22,485 tonnes, while exports of high density polyethylene (HDPE) fell 8% to 92,009 tonnes, the data showed.

The countrys overall exports in September grew 17.2% year on year to $39.75bn, boosted by exports of semiconductors, according to a report Korea"s Ministry of Knowledge Economy.


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