China’s Feb '13 PMMA imports fall by 31.3% from Jan

03 April 2013 05:53  [Source: ICIS news]

BRISBANE (ICIS)--China’s polymethyl methacrylate (PMMA) imports in February decreased by 31.3% from January due to the short working month as a result of the Lunar New Year holiday, market players said on Wednesday.

The country imported 11,938 tonnes of PMMA in February, 5,444 tonnes lower month on month, according to China Customs data.

Imports in January decreased by 4.4% from December 2012.

Import prices in February averaged $2,693/tonne (€2,101/tonne), representing a 0.2% increase from the previous month, the data showed.

Imports were also lower on the back of poor demand and oversupply, as consumer confidence for finished PMMA products has been affected by eurozone debt concerns, said traders.

($1 = €0.78)

By: Junie Lin

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