China’s IIR imports fall 15% in 2011 on increased domestic supply

01 February 2012 09:58  [Source: ICIS news]

SINGAPORE (ICIS)--China imported about 66,973 tonnes of isobutylene-isoprene copolymers (IIR) in 2011, down by 15% or 12,029 tonnes in 2010, according to data from China Customs on Wednesday.

This is because China’s domestic IIR capacity increased substantially last year, which led market players to import fewer cargoes, industry sources said.

Demand for IIR in 2011 was estimated to be about 116,300 tonnes, up by 2,900 tonnes or 2.6% from a year ago, according to data from Chemease, an ICIS service in China.

The country’s domestic IIR production increased last year after Zhejiang Cenway started production at its 50,000 tonne/year plant at Zhejiang in July 2011.

The only other IIR unit in the country is Yanshan Petrochemical’s 45,000 tonne/year plant at Beijing.

As a result of the increased production, the prices of IIR fell from yuan (CNY) 47,000/tonne ($7,448/tonne) in February 2011 to CNY22,000/tonne in December and market players imported fewer cargoes, industry sources said.

 

China's IIR prices in 2011

China

 

China's IIR imports in 2011

China

($1 = CNY6.31)


By: Maggie He



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