SINGAPORE (ICIS)--Taiwan’s propylene exports in February stood at 78,950 tonnes, up 11.4% from January but 3.4% lower compared with the previous corresponding period, official data showed on Wednesday.
Its imports of the material in February, meanwhile, posted a sharp decline for the second consecutive month.
Taiwan’s propylene imports fell 48% month on month to 11,245 tonnes, after January’s 43.2% plunge from December volumes. Spot import interest for propylene has been sluggish due to soft market conditions in the derivative sectors, amid ample supply from domestic producers.
On a year-on-year basis however, its propylene imports showed a 46% increase from 7,700 tonnes.