10 September 2013 10:52 [Source: ICIS news]
BERLIN (ICIS)--Inter-regional trade in butadiene (BD) in 2012 substantially increased from 2011, led by a more-than-doubling of exports from western Europe, Philip Cook, a senior consultant from JACOBS Consultancy, said on Tuesday.
Speaking at the 2nd ICIS Butadiene & Derivatives conference, Cook said that western European net exports in 2011 amounted to 293,000 tonnes, but provisional figures for 2012 were already at 628,000 tonnes – a massive 114% increase.
“It’s incredible, its almost hard to believe,” Cook said.
A large share of the exports went to Asia – notably China, which imported 249,000 tonnes in 2012, compared with just 50,000 tonnes the year before – and also Korea whose imports rose by around 67% year on year.
However, whether China continues to be a key outlet for Europe’s BD to the same extent is questionable since 1.1m tonnes of new BD capacity is being added in the region this year.
This new capacity together with the fundamentally soft global demand picture in 2013 means that this year’s inter-regional trade figures could show another substantial shift, but this time in the other direction.
The 2nd ICIS Butadiene & Derivatives conference in Berlin runs until Wednesday.
Follow Nel on Twitter @nelweddleICIS
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections