30 June 2010 07:21 [Source: ICIS news]
By Nurluqman Suratman
SINGAPORE (ICIS news)--South Korea’s exports of petrochemicals jumped 34.1% year on year in May as demand from the country’s major trading partners surged, in line with the global economic recovery, analysts said on Wednesday
“Despite global concerns caused by the eurozone debt crisis, ?xml:namespace>
Shipments may further improve in June on better demand from key importers such as
However, plant shutdowns of key petrochemical exporters such as LG Chem in the second quarter may have restricted volumes available for shipment this month, said Lim Ji-Soo, a petrochemical analyst at Shinhan Investment.
Uncertainty in crude oil prices could also dampen market sentiment and weigh on exports, she said.
Its exports to
But the momentum may taper off in the months after, when major economies were expected to withdraw their fiscal stimulus measures more aggressively, he added.
Source: Korea International Trade AssociationRead John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
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