China’s March crude glycerine imports up by 7.3% year on year

24 April 2012 11:08  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 46,328 tonnes of crude glycerine in March, an increase of 50.4% month on month and an increase of 7.3% year on year, at an average import price of $279.17/tonne (€212.17/tonne), according to data from China Customs on Tuesday.

The March imports were bought in December 2011 and many buyers purchased large volumes then to take advantage of prices which were lower than the three months before, said a market source.

China’s March imports from its top three sources of crude oil glycerine, Brazil, Argentina and Thailand, were 14,684 tonnes, 6,601 tonnes and 4,627 tonnes, respectively, the data showed.

($1 = €0.76)

By: Shevon Zheng
+65 6780 4375

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