EU June styrene imports fall year on year - Eurostat

19 August 2013 11:40  [Source: ICIS news]

LONDON (ICIS)--EU styrene imports from the rest of the world saw a 41% drop in June compared with the same period last year, data from European statistics agency Eurostat showed on Monday.

While the market was only just emerging from the turnaround season in June this year, demand was far weaker than expected throughout the first half of 2013, meaning that significantly less material was needed to cover the shortfall in production.

Conversely, several traders were actively shipping cargo from the ARA (Amsterdam-Rotterdam-Antwerp) region to Asia during the turnaround season in order to help balance domestic supply.

April had seen a sharp spike in imported volumes into Europe as players anticipated some shortness during the turnaround season, but as this failed to materialise the level of imports subsequently came down in May and June.

Exports out of the EU to the rest of the world in June were also lower year on year, with European producers only just coming out of turnaround and starting to ramp up production rates.

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

Period

IMPORT

EXPORT

June 2012

48,006

16,359

June 2013

28,557

10,014

Volume difference in tonnes 

19,449

6,345

% change year on year

41%

39%

Eurostat import/export data is subject to revision as more detailed information becomes available.


By: Truong Mellor
+44 208 652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly