29 September 2009 03:17 [Source: ICIS news]
SINGAPORE (ICIS news)--China's imports of polymethyl methacrylate (PMMA) in August grew by about 14% year on year to 17,100 tonnes, backed by strong demand from the country's automotive sector, industry sources said on Tuesday.
PMMA is an engineering plastic used for making automotive components like tail lights covers.
Passenger car sales in the country soared 90% year on year in August to hit 850,000 cars, aided by the government’s stimulus spending program.
"Other end use segments like light guided panels for computer monitors and flat screen TVs have also supported strong demand for PMMA in the past few months," said a regional PMMA seller.
Compared to July, however, PMMA import volumes were down 6%, based on official data. For the first eight months of 2009, China's total PMMA imports totaled 118,200 tonnes.
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