Monday, August 09, 2010

Imports in China decline for third consecutive month in June

According to statistics from Chinese Customs, polymer imports declined for the third consecutive month in June after spiking to a new record high in March, as per Chemorbis. Players attributed the redduction in imports to slackening economic growth in the country, resulting in weaker demand for polymers, as well as start-up of large new capacities in China that has led to sourcing of a greater share from the local market.

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