29 June 2006 08:50 [Source: ICIS news]
Domestic demand grew to a projected 3m tonnes in 2006, up from 2.5m tonnes in 2002, while local production capacity increased to 1.695m tonnes from 1.095m tones, said Marcus Ryu, marketing manager of ABS and polystyrene (PS) for Cheil Samsung Korea.
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Higher domestic production capacities are likely to moderate the need for imports, said Ryu. Competition was keen among producers in
Higher energy and feedstock costs would continue to put pressure on ABS margins, while downstream industries like consumer electronics, automotive, toys would face difficulty in absorbing the high resin costs, he added.
For PS, Ryu said that imports had been declining for the last few years. Imports into
This was mainly due to the waning fortunes of some PS end-product industries such as cassette and video tapes, and cathode ray tube televisions.
Domestic PS production is expected to grow to 1.32m tonnes in 2006, compared to 1.186m tonnes in 2003. Imports are expected to fall to 1.268m tonnes in 2006, down from 1.28m tonnes in 2005 and 1.39m tonnes in 2002.
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