EU ADA imports fall 16% in first half of 2013

22 August 2013 15:03  [Source: ICIS news]

LONDON (ICIS)--Imports of adipic acid (ADA) into the EU from the rest of the world fell 16% in the first six month of this year compared with the same period of 2012, according to Eurostat data.

Market sources said the decrease in imports was caused by weak demand and the closure of NF Trading’s adipic acid plants in the Ukraine.

Sources said in June that downstream demand for adipic acid was limited, preventing producers from restoring margins, and profitability remained squeezed for sellers.

NF Trading halted production at the first of its two plants in mid-December 2011 and stopped production at the second plant in May last year. Continuously weak margins have led the plants to remain closed.

From January to June this year, the EU imported 31,268 tonnes of ADA, down from 37,504 tonnes imported in the first half of 2012.

Meanwhile, exports from the EU to the rest of the world dropped 40.2% in the first half of this year compared with the same period in 2012. The EU exported 4,387 tonnes of ADA from January to June 2013, lower than the 7,334 tonnes exported in the first half of last year.

Sources said that European producers have been exporting less to Asia because Asian producers have increased their capacity and have enough supply to feed domestic ADA consumption.

EU Adipic Acid Imports and Exports (Eurostat, tonnes)

 

Jan

Feb

March

April

May

June

Total

% change

Jan - June 2012 imports

8,249

7,319

6,410

4,954

7,217

3,354

37,504

 

Jan - June 2013 imports

4,570

6,316

4,813

6,300

5,242

4,026

31,268

down 15.7%

Jan - June 2012 exports

632

1,402

2,219

1,195

856

1,031

7,334

 

Jan - June 2013 exports

707

743

660

842

695

741

4,387

down 40.2%

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

($1 = €0.75)


By: Vladimir Guevarra
+44 208 652 3214



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