18 December 2008 11:51 [Source: ICIS news]
This was a 5% decline from October, the Japan Styrene Industry Association (JSIA) added.
Two companies’ PS plants were shut for turnarounds in November 2008, while one company’s plant was undergoing a turnaround in November 2007, JSIA said, without naming any specific companies.
Total domestic shipments of PS were down 32% to 50,790 tonnes year on year, the association said.
This was believed to be a result of users cutting inventories due to poor economy and lower crude oil prices, JSIA added.
Exports of PS fell 60% to 1,794 tonnes compared with the previous year, owing to a decline in the production of liquid crystal display (LCD) panels in
Production of styrene monomer (SM) decreased 26% to 214,071 tonnes in November from the same time a year earlier because more plants were having turnarounds, according to JSIA.
The lower figure was also due to some producers’ reduction of SM production to respond to decreased demand, the association added.
SM units of two unnamed companies were shut for turnarounds in November 2008, while one company was having a turnaround at its SM plant in November 2007, the association said.
Domestic shipments of SM decreased 21% to 128,891 tonnes in November year on year because demand for PS, expanded polystyrene (EPS) and synthetic rubber declined, according to JSIA.
Exports of SM were 26% lower at 89,559 tonnes in November compared with the previous year because exports to
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