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Asian markets petrochemical products in Europe and America to suppress
Time:2011/6/29 16:48:55 Click:1280

  As the freight is low, and demand for petrochemical products in Asia is relatively good, so from the United States, Europe and South Africa's petrochemical products are entering the market in the region. This non-traditional sources of additional influx of Asian supply market, will further petrochemical products in Asia downward pressure on prices.

    "Our company has purchased in recent weeks from the Mediterranean, Europe, South America and South Africa, polypropylene and polyethylene, the price of these products because the product is even lower than the Middle East." Said an Indian plastics processors. As these non-traditional sources of supply of the goods cheaper, plus a lot of production capacity is expected to put the Middle East, the Asian petrochemical producers are looking forward to trading companies cut prices.

  Indian importers and end users of traditional sources of imported goods in the Middle East, Southeast and Northeast Asian manufacturers, as geographical proximity, coupled with lower purchasing costs. But in recent weeks, PVC imports from the United States increased significantly. "At least the prices of goods than the United States and South Korea, China Taiwan imports by 50 U.S. dollars / tonne." One trader said.

  Because of the additional levy $ 45 / ton of anti-dumping duties, buyers and unwilling to accept the U.S. PVC goods, but the recent sharp decline in the U.S. offer to attract buyers. Market participants said the Chinese side has noticed recent large quantities of goods from non-traditional sources. "In February and March, a large number of acetone goods from the United States and Europe into China." Dealers and distributors said. Acetone producer operating rates in Asia remained at 60% to 80% lower, also makes a large number of Western competitors, exports to Asia. Currently, the Asian spot butadiene price of 500 ~ 530 U.S. dollars / ton (cost and freight, Northeast Asia), representing a decline last month, 50 U.S. dollars / ton.

  In addition, in anticipation of the Middle East in April there will be a lot of new production capacity, excess product will suppress the formation of spot prices, goods prices will be lower in April.

 
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