China's April phenol imports fall 23% on weak demand
28 May 2012 10:58 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s phenol imports in April fell by 23% year on year as weak demand and soft domestic prices dampened buying interest for imported cargoes, market sources said on Monday.
The country took in 53,656 tonnes of phenol last month, according to China Customs’ data.
On a month-on-month basis, phenol imports dropped by 34% from March, official data showed.
Inventories in eastern China ports have been lingering at relatively low levels - estimated to be around 30,000-40,000 tonnes, market sources said.
However, derivative demand remained weak amid the uncertainties in the economic outlook, they said.By: Liu Xin+65 6780 4359
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