EU ACN imports rise by 21% June year on year on pre-buying

19 August 2013 16:15  [Source: ICIS news]

LONDON (ICIS)--EU acrylonitrile (ACN) imports from the rest of the world rose by 21% in June year on year, according to data from statistics agency Eurostat on Monday.

Overseas material with a feedstock cost advantage during the second quarter and low-priced imports had been placing downward pressure on European material.

Expectations of feedstock cost rises in the US reversing the advantage over Europe led to a spate of pre-buying in June.

Nevertheless, exports from the EU rose by 95% year on year as downstream demand domestically remained weak.

EU acrylonitrile imports and exports (Eurostat, tonnes)

 

June 2012

June 2013

% change year on year

Exports

5,753

11,233

95

Imports

4,152

5,031

21

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


By: Mark Victory
+44 208 652 3214



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