China’s ABS imports increase by 5% in September on lower price

29 October 2012 06:32  [Source: ICIS news]

SINGAPORE (ICIS)--China’s acrylonitrile-butadiene-styrene (ABS) imports rose by 5% month on month in September because of the lower imported prices compared with domestic prices, a trader said on Monday.

China imported 152,889 tonnes of ABS in September, an increase of 7,197 tonnes from August, according to data from China Customs.

The average ABS import prices in September were at $2,149/tonne (€1,655/tonne) CFR (cost & freight) China, up by $10/tonne from August, according to the data.

Meanwhile, the average ABS domestic prices in September were higher at CNY15,517/tonne ($2,479/tonne) ex-tank east China, according to the data.

The data also showed that 25.08% and 22.57% of imports arrived in Shenzhen and Huangpu Customs respectively, while 12.95% went to Shanghai Customs, 10.91% to Ningbo Customs and 6.42% to Guangzhou Customs, the data showed.

($1 = CNY6.26 / $1 = €0.77)

By: Iris Xi
+65 6780 4359

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