25 November 2013 15:07 [Source: ICIS news]
LONDON (ICIS)--Imports of styrene into the EU saw a sharp year-on-year drop in September 2013 compared with the same period last year, data from European statistics agency Eurostat showed on Monday.
While over 38,000 tonnes entered the EU in September 2012, this year saw less than 15,000 tonnes arriving into Europe, as a bullish Asian market pulled the large majority of US exports.
This was reflected in record-high European spot pricing early in September this year, as several factors converged to drive the market upward.
The drop in imports from August to September this year was also sharp, with over 32,000 tonnes arriving into the EU in August compared with just under 15,000 the following month.
Meanwhile, exports out of the region to the rest of the world were up in September 2013, but were generally comparatively steady in terms of actual volumes.
Import/export data from Eurostat (units: tonnes)
% change year on year
Eurostat import/export data is subject to revision as more detailed information becomes available.
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