06 January 2012 03:00 [Source: ICIS news]
By Liu Xin
SINGAPORE (ICIS)--Asian acetone trade flow is set to shift, with imports of deep-sea cargoes expected to drop in 2012, in line with new capacities that are scheduled to come on stream in China, market sources said.
Despite that, a buying spree has been ongoing since the third quarter of 2011, with over 10,000 tonnes cargoes changing hands every week, following an ease in tight supply and stable demand from the downstream solvent sector.
According to statistics from China Customs, acetone imports into the country stood at 653,639 tonnes from January to November 2011, with average monthly imports at close to 60,000 tonnes.
In recent years, the Asia-Pacific region, especially
“We probably will see a drop in imports from the
Deep-sea cargoes from the US and Europe that face no trade barriers, such as anti-dumping duties, accounted for close to 43% of total imports into China in 2011, according to the China Customs data.
Phenol-acetone makers in the
“We have seen steady growth in acetone production in
The recent expansion in the domestic acetone capacity in
Imports into the country are expected to account for around 54% of total supply in 2012, according to ICIS China’s estimates.
“Deep-sea cargoes, which are exempted from anti-dumping duties into
“However, deep-sea suppliers will face increasing difficulty in diverting cargoes to Asia, particularly
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