China foreign trade of plastic raw materials and products slows down
According to CPRJ Editorial Team’s calculation based on statistics from China Customs, in February, China exported 365,000 tons of plastic products at a value of US$980 million.
In the first two months, the figures reached 1.074 million tons and US$2.84 billion respectively, representing a drop of 2.6% and 14.4% compared to those registered in the same period of last year.
Imports of primary form plastics in February amounted to 1.50 million tons and US$2.95 billion in quantity and value respectively. Import quantity in the first two months of the year were 3.69 million tons, down 0.5% year-on-year, while import value reached US$7.18 billion, an increase of 16.3% from a year ago.
ABS resin imports in February were 127,000 tons in quantity, raising the year-to-month figure to 299,000 tons, a year-on-year increase of 1.8%. Import value in February was US$280 million, pulling up the year-to-month figure to US$650 million, an increase of 23.8% from a year ago.
Imports of polyester chips in February were close to 10,000 tons in quantity, leading to a year-to-month figure of 25,000 tons, down 11.9% year-on-year. Import value in February was US$17.23 million, making the year-to-month figure to US$28.17 million, an increase of 12.6% compared to the same period of last year.
The above-mentioned figures suggest that China’s imports and exports of plastic raw materials and products registered a drop compared to the figures in January.
Source : www.adsalecprj.com