China bitumen imports up 60% in June month on month

26 July 2012 09:51  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 266,039 tonnes of bitumen in June, an increase of 60% from May and also the highest volume recorded so far this year, according to official data on Thursday.

Demand for bitumen in China began to pick up in June as many road projects have started construction, traders said.

The increase in import volumes in June was also a result of the arrival of contract cargoes from South Korea’s SK Energy, they added.  

June imports were 1.1% lower than the same period in 2011, China Customs data indicated.

The country exported 8,073 tonnes of bitumen in June, down by 67.4% year on year, according to the customs data.

The drop in exports was caused by weak demand from southeast Asia, according to traders.

By: Jessie Yang

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