China's April PP imports fall on weak demand, economic concerns
22 May 2012 11:26 [Source: ICIS news]
SINGAPORE (ICIS) -- China's total polypropylene (PP) imports fell by more than 16% in April, compared with the previous month, as weak domestic demand and uncertain global economic outlook dampened buying interest, industry sources said on Tuesday.
?xml:namespace>China imported 339,260 tonnes of PP in April, down by 16.69% from March, according to data released by China Customs on Tuesday.
China imported 258,693 tonnes of homopolymer PP and 80,567 tonnes of co-polymer PP in April, 18.4% and 10.64% lower than in March, respectively, the data showed.
Total PP imports from major PP exporters to China, South Korea and Saudi Arabia, fell in April from March, industry sources said.
PP imports from South Korea fell by 12.6% to 56,185 tonnes, while PP imports from Saudi Arabia decreased by 25.5% to 51,413 tonnes, respectively, industry sources said.
China’s total PP imports for April were 4.33% higher from the same period in 2010, the data showed.
Additional reporting by Chow Bee LinBy: Angie Li+65 6780 4359
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