Japan’s exports of MMA set to fall 10% in 2007

27 July 2007 11:58  [Source: ICIS news]

TOKYO (ICIS news)--Japan’s exports of methyl methacrylate (MMA) monomer in 2007 is forecast to decrease by 10% compared with the previous year, figures from a local industry association showed on Friday.

 

The country’s exports of MMA monomer in 2007 was expected to be 81,360 tonnes, down from 90,400 tonnes in 2006, the Japan Petrochemical Industry Association (JPCA) said in a statement. 

 

Internal demand for MMA monomer was expected to total 192,100 tonnes in 2007, up 1% from 190,100 tonnes in 2006, the association said.

 

Meanwhile, the country produced 40,400 tonnes of MMA monomer in June, a 10% decrease from the same time a year ago, according to a previous ICIS news report based on the statistics released earlier by JPCA.

 

Exports of poly MMA (PMMA), which is made from MMA, as a moulding material was expected to decrease 1% to 75,000 tonnes in 2007, from 75,800 tonnes in 2006, while internal demand for the product this year would remain at the same level as last year at 58,300 tonnes, the association said.

 The association forecast exports of PMMA in sheet form would decline 2% year on year in 2007 to 12,000 tonnes, from 12,300 tonnes, while the internal demand for PMMA in 2007 was expected to increase 2% to 98,200 tonnes, from 96,100 tonnes in 2006.

 

Meanwhile, Japan’s Kuraray Co recently announced its plans to increase MMA monomer prices by yen (Y) 20/kg ($0.16/kg) DEL (delivered) in Japan on high raw material costs.

 

($1 = Y121.86)
By: Tomomi Yokomura
+65 6780 4359

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