China August propylene imports slide 40%

26 September 2008 07:53  [Source: ICIS news]

SINGAPORE (ICIS news)--Propylene imports into China fell 40% to 50,322 tonnes in August compared with volumes a year ago as a transport ban on prohibited items during the Olympics prompted a cut in imports, traders said on Friday.

As Asia’s largest importer of propylene, China imported 84,023 tonnes in August 2007, based on statistics from China Customs.

Spot propylene prices for August delivery into China were estimated at $1,750-1,800/tonne CFR (cost and freight) as buyers snapped up available cargoes ahead of the transport ban.

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By: Steve Tan
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