Europe PC export down by a fifth compared with 2009

27 February 2013 17:11  [Source: ICIS news]

LONDON (ICIS)--European polycarbonate (PC) exports to the rest of the world declined by about a fifth since 2009 because of changing trade flows, statistics data by Eurostat showed on Wednesday.

The EU exported 57,436 tonnes less PC from January to November 2012 than in 2009, a drop of 18% (see table below). Data is not yet available for December 2012.

According to a European PC producer this is because of competition from Saudi Kayan, a Saudi Arabian PC producer. Saudi Kayan started up a new, 260,000 tonne/year plant in October 2011 in Jubail Industrial City, Al-Jubail. Since then demand for European material from Asia fell and so exports from the EU dropped, the producer said.

As the Saudi Kayan plant is strategically located more or less half-way between Europe and Asia, it can take advantage of supplying the region where prices are highest. In addition, given the shorter distance between Saudi Arabia and Asia, freight costs are also lower.

The Saudi Kayan plant is currently off line undergoing annual maintenance until 10 April. 

 

Polycarbonate exports to rest of the world

Units: Tonnes

 

Source: Eurostat

 

Jan.-Dec. 2009

320,551

Jan.-Dec. 2010

321,747

Jan.-Dec. 2011

273,039

Jan.-Nov. 2012

263,115

Data is not yet available for Dec. 2012

Change from 2009 to 2012

-18%

 

($1 = €0.77)

Follow Janos Gal on Twitter @janosgalICIS 


By: Janos Gal
+44 208 652 3214



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