Chinese government: foreign trade to improve in H2 2015
During the January-April period of this year, China’s total foreign trade declined 7.6% to reach $1.22 trillion. Exports rose 1.6% while imports dipped 17.3%.
The Ministry attributed the lower imports figures to a fall in bulk commodities prices which include crude oil, iron ore and plastics and added that lower prices enabled Chinese companies to save $63.4 billion in production costs. The increase in exports, meanwhile, was attributed to stronger exports to emerging markets, which climbed 5.7% in the first four months.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Premium of HDPE over LLDPE hits 16-month high in Turkey
- Post-holiday hikes carry China homo-PP market to 1-year high
- Asia PVC markets see longest rising streak ever on extreme tightness
- Africa polymers: October offers higher amid reduced availability
- Stable to softer PE trend prevails in Europe amid soft demand, poor netbacks
- Turkey’s PP and PE markets move up, but riddled with uncertainties
- India, SEA PVC markets unlikely to take respite from bullish run for November
- Southeast Asia PET markets move sideways during China’s absence
- Egypt’s import PE market up on tight supply, domestic offers follow suit
- Will European PS, ABS track divergent paths for another month?