|【global plastic net june 25, 2010 reuters
2010-5 abs china imports about 189,696 tons, an increase of 12.89%, 1.86% sequential decrease. total imports from january to may 2010, about 867,209 tons, an increase of 7.7%. zhuo record information in accordance with tracking data show that imports of chinese abs has been a significant increase year on year for three consecutive months, should the net of the spring festival holidays factors (february 2010), the abs imports are up 11 consecutive months of rising.
general automotive, appliance and electronic appliances are the three major application areas abs resin. abs resin in china where nearly 80% of consumption for electronic and electrical accessories. last year, the state introduced the automobile, home appliances to the countryside, home appliances tm, car purchase tax relief plan will undoubtedly stimulate a series of consumer abs sectors to gain a great deal, the industry and boosted the pace of development.
however, in contradiction to changing conditions of supply and demand, any market is difficult to maintain the trend of soaring. subject to the inability to pass higher costs and lower reaches of the debt crisis in europe, the external environment pressure, in may the start of the abs market slump, the market price series of setbacks.
although total imports in may china's abs still maintained at high, but because of contract negotiations delivery time constraints, this data is not as seasonal demand drop support. generally speaking, in may signed the contract goods imported one after another in 6-7 months into the hong kong declaration, so if really want to confirm from the data on demand in recent phase of decline, imports will have to wait 6-7 months to see the outcome after the publication of .