17 October 2012 17:28 [Source: ICIS news]
LONDON (ICIS)--Falling sales in Europe are driving polycarbonate (PC) exports up, a major European PC producer with strong sales in the US and Asia said on Tuesday.
"Outside Europe prices are often better and demand is also stronger in some regions, so it is worth exporting," the producer said.
A trader added this trend is likely to continue until the European economy improves and construction and automotive demand increases.
Since January, exports have increased significantly as a result of poor demand in Europe. Exports from the EU to India went up from 4,249 tonnes in January to 5,917 tonnes in July, while exports to China increased from 6,843 tonnes in January to 7,924 in July, data from statistics agency Eurostat show.
Exports to the US went from 53 tonnes in January to 252 tonnes in July, while South Korea imported 2,582 tonnes in July, up from 800 tonnes in January.
Total exports from the EU to the rest of the world went from 23,145 tonnes in January to 28,802 tonnes in July, which is 6,218 tonnes higher than in July last year.
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