EU switches to being a net exporter OX in April - Eurostat

18 June 2014 10:53 Source:ICIS News

PRAGUE (ICIS)--The EU in April switched to being a net exporter or orthoxylene (OX) from a net importer in the same month last year, according to data from Eurostat on Wednesday.

The switch comes as exports grew steeply year on year from 3,128 tonnes to 6,940 tonnes, while imports in April fell 84% to 1,019 tonnes.

The European downstream phthalic acid industry has seen weak volumes and poor pricing despite the permanent closure of Arkema's 90,000 tonne/year plant in Chauny, France.

EU OX import and export data by Eurostat (units: tonnes)

Import

Export

April 2013

6,319

3,128

April 2014

1,019

6,940

Change year on year (%)

-83.87

121.88

Eurostat import/export data is subject to revision as more detailed information becomes available. EU figures comprise the aggregate of member states data published by Eurostat.

By Rhian O'Connor