China’s crude imports decrease 2.2% in March

10 April 2013 04:59  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 23m tonnes of crude in March, a decrease of 2.2% year on year but an increase of 10.8% month on month, official customs data showed on Wednesday.

Its imports of acrylonitrile-butadiene-styrene (ABS) resins declined by 17.1% year on year to 121,565 tonnes in March, and polyester chips imports fell by 5.1% from a year ago to 15,102 tonnes, data from China Customs indicated.

Rubber imports posted an increase.

Imports of natural rubber in March rose by 21.1% year on year to 230,000 tonnes, and synthetic rubber imports increased by 9.8% to 147,733 tonnes.

The country posted a trade deficit of $884m (€672m) in March, reversing from a surplus of $15.3bn in February, according to the data.

Mar 2013

Jan-Mar 2013

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

crude

23,050

-2.2

68,970

-2.3

oil products

3,130

-20.4

10,430

-3.4

primary shape plastics

2,050

1.0

5,660

-1.6

ABS resins

122

-17.1

353

-14.0

polyester chips

15

-5.1

42

-14.2

natural rubber

230

21.1

630

31.7

synthetic rubber

148

9.8

393

9.3

exports

crude

270

35.0

640

-31.9

oil products

2,650

28.6

7,280

20.2

plastic products

639

-11.0

1,928

6.5

($1 = €0.76)


By: Fanny Zhang
+65 6780 4359



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