EU March acetone exports, imports rise year on year

19 June 2013 15:47  [Source: ICIS news]

LONDON (ICIS)--Acetone exports from the EU to the rest of the world, along with imports into the EU from the rest of the world, increased in March 2013 year on year, according to data released this week by Eurostat.

Imports from the rest of the world increased by 72%, largely due to cut backs in production of primary product phenol and a stronger-than-expected demand.

Exports also increased, but on a smaller scale compared with imports, rising 13% year on year in March.

Cut backs in phenol production have been in place since the middle of 2012, but export opportunities outside long-term fixed contracts have been scarce because Europe has been the most expensive region for acetone.

Phenol operating rates in Europe are estimated anywhere between 60-80%, depending on source.

For every tonne of phenol produced, 0.62 tonnes of acetone is made.

Acetone  import and export data by Eurostat (units: tonnes)

Period

IMPORT

EXPORT

March 2012

3,682

6,326

March 2013

6,347

7,156

Volume difference in tonnes 

2,665 

 830

% change year on year

72%

13%


By: Julia Meehan
+44 20 8652 3214



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