Taiwan February propylene exports fall 3.4% on year to 78,950 tonnes

20 April 2016 12:04 Source:ICIS News

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.

By Michelle Lim