China's March 2012 acetone imports down by 10% on weak demand

30 April 2012 12:03  [Source: ICIS news]

SINGAPORE (ICIS)--China’s acetone imports in March 2012 fell by 10% year on year to 73,480 tonnes because of weak demand from the downstream solvents sector and tightened supply, according to data from China Customs.

Acetone imports declined on a month-on-month basis by 12% from February, according to customs statistics.

The operating rates at the majority of regional phenol facilities were resumed to 100% of capacity earlier this year, after they were lowered from the third quarter of 2011.

However, the supply of deep-sea cargoes tightened because of high production costs in the US and Europe, market sources said.

By: Liu Xin
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