SINGAPORE (ICIS)--China’s polyethylene (PE) import volumes in March increased across three product grades on a year-on-year basis, while its imports of olefins dipped, official data showed on Thursday.
Imports of low density PE (LDPE) were up 21%, while those of linear low density PE (LLDPE) surged 67%. High density PE (HDPE) volumes inched up 1%, according to China Customs.
Meanwhile, China’s March imports of ethylene declined 9%, while those of propylene and butadiene (BD) slipped 1% and 13%, respectively.
Thirty-two of the 61 chemical products whose trades in China were tracked by ICIS registered higher import volumes in March.
The country, which is the world’s second-biggest economy, is a major importer of petrochemicals in Asia.
Import volumes of PTA more than tripled to 85,574 tonnes in March, while those of monoethylene glycol (MEG) increased 39% and acrylonitrile (ACN) rose 28%, according to China Customs data.
Among those that registered lower import volumes was styrene, which fell 30% year on year.