China's Q1 butadiene imports jump 162 percent on year
ERJ staff report (BC)
Singapore – China's Q1 imports of butadiene soared by 162 percent to 136,239 tonnes against 52,081 tonnes in the corresponding three months of 2012, General Administration of Customs data released on 23 April and reported by Clement Choo for Platts showed.
A dampening of regional spot prices is attributed to a surge in China's imports as demand for synthetic rubber has weakened, resulting in rubber producers lowering their runs to cope with the reduced demand.
To date, monthly average prices in the first three months of the year have lost half of their value year on year, Platts data showed.
The January monthly average FOB Korea price for butadiene was $1 758.75/tonne, down 43 percent year on year, while February fell 47 percent to $2 007.50/tonne and March dived 50 percent to $1 738/tonne.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Full story
This article is only available to subscribers - subscribe today
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
- Every issue of European Rubber Journal (6 issues) including Special Reports & Maps.
- Unlimited access to ERJ articles online
- Daily email newsletter – the latest news direct to your inbox
- Access to the ERJ online archive