China's September PMMA imports rise on high demand

29 October 2009 10:13  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s September polymethyl methacrylate (PMMA) imports rose nearly 20% to 20,800 tonnes from the previous month on the back of  strong demand from automotives and flat screen makers, traders said on Thursday.

According to the data released by China Customs on Wednesday PMMA imports in September rose 67% year on year while total PMMA imports for the first nine months of 2009 stood at 139,000 tonnes.

"PMMA demand in China has been really brisk and October also looks like a good month," a PMMA seller said.

PMMA demand was strong mainly in key sectors like automotive and production of light guided panel (LGP) for flat screen TVs and computer monitors, the seller added.

PMMA is used to make tail lights for cars, production of which has been booming in China over the past few months.

A large part of these imports came from South Korea, which is a regional hub for PMMA production. The country exported around 9,000 tonnes of PMMA in September, according to the trade statistics of South Korea.

Three main PMMA producers in South Korea are LG MMA, Arkema and Daesan MMA.

Key global TV and computer monitor makers like LG Electronics and Samsung from South Korea had been increasing operations in China and were major consumers of PMMA, another trader said.

Other large PMMA producers in Asia include Sumitomo Chemical in Singapore and Chimei in Taiwan.

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By: Anu Agarwal
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