China’s crude glycerine imports down 45.7% month on month in Oct

27 November 2012 04:20  [Source: ICIS news]

SINGAPORE (ICIS)--China's imports of crude glycerine were down by 45.7% month on month in October as a result of supply reduction from overseas, a trader said on Tuesday.

China imported 25,396 tonnes of crude glycerine in October, with an average import price of $306.20/tonne (€236.80/tonne), according to data from China Custom.

The operating rates of biodiesel plants have fallen since September. Especially in Argentina, the main export country in South America, where production was reduced because of the anti-dumping investigations of EU, the trader said.

The data showed that it only exported 756 tonnes to China in October, dropped by 88% compared with September.

China October imports from Brazil, Indonesia and Thailand were 10,012 tonnes, 6,098 tonnes and 2,993 tonnes respectively, according to the data.

($1 = €0.77)

By: Shevon Zheng
+65 6780 4375

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