19 August 2013 11:36 [Source: ICIS news]
LONDON (ICIS)--European ethylbenzene (EB) imports saw a sharp rise in June compared to the same period last year, data from European statistics agency Eurostat showed on Monday.
Imports into Europe in June this year were at 9,948 tonnes while June 2012 saw no material moving into Europe.
EB is a highly captive product that is used in the production of styrene, with the majority of EB/SM (styrene monomer) units integrated, meaning that little if any material moves between global regions.
However, June was the tail end of the European turnaround season this year, and the market was still struggling with availability.
Furthermore, soaring benzene values at the time meant that many integrated players had elected to sell benzene stocks and cover styrene requirements as and when required, which could potentially explain the sudden spike in imported volumes.
Exports from Europe in June were negligible at 100 tonnes, down by 15 tonnes from the same month last year.
Eurostat import/export data is subject to revision as more detailed information becomes available.
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