Europe SBR exports up 91% in October 2012

06 February 2013 17:56  [Source: ICIS news]

(recasts, amending date range at end of Table 1)

LONDON (ICIS)--Exports of emulsion styrene butadiene rubber (E-SBR) from the EU to the rest of the world nearly doubled in October 2012 compared with the same month in 2011 because sellers targeted other markets amid poor demand in Europe, a producer said on Wednesday.

Eurostat data shows that the EU exported 12,304 tonnes of E-SBR in October 2011 compared with 23,548 tonnes in October 2012, an increase of 91% (see table 1 below).

The latest Eurostat data is only available until October last year. The data shows there is a clear trend to increase exports from Europe to other parts of the world, in particular Asia. Total export volumes from January to October 2012 already well surpassed exports in the entire year of 2011.

Producers said that sales in Europe remain poor and, as a result, they have increased their exports to countries in Asia and Latin America (see table 2 below).

"Spot availability in Europe is next to nothing, as we are exporting all the surplus to Asia where prices are more attractive," the producer said.

It added that the fourth quarter was by far the worst quarter in 2012 and this has resulted in record export volumes. Eurostat will publish its November trade data in mid-February.

 

 

Table 1.

EU27 exports to the rest of the world

Source: Eurostat

Units: Tonnes

Period

Imports

Exports

Oct. 2011

2370

12304

Jan.-Dec. 2011

39187

153962

Oct. 2012

4274

23548

Jan-Oct 2012

33182

171611

 

 

Table 2.

Exports from EU 27 to trading partners (source: Eurostat, units: tonnes)

PERIOD/PARTNER

BRAZIL

CHINA

INDIA

MALAYSIA

UNITED STATES

SOUTH AFRICA

Sep. 2012

1242

3565

4032

763

363

307

Oct. 2012

3696

6057

4778

1979

375

354

  

($1 = €0.74) 

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By: Janos Gal
+44 208 652 3214



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