Corrected: Japan’s Dec ’08 naphtha imports for C2 production fall 3%

27 January 2009 13:46  [Source: ICIS news]

Correction: In the ICIS news story headlined “Japan’s Dec ’08 naphtha imports for C2 production fall 3%” dated 27 January 2009, please read in the second paragraph … The total cost of naphtha imports in December was $492.2m … instead of … The total cost of naphtha imports in December was yen (Y) 492.2m ($5.5m)…. A corrected story follows.

TOKYO (ICIS news)--Japan’s imports of naphtha for ethylene production in December 2008 fell 2.7% to 1.07m tonnes, down from 1.1m tonnes in the previous month, according to government figures released on Tuesday.

The total cost of naphtha imports in December was $492.2m, down 39% from November, the Ministry of Economy, Trade and Industry (METI) said.

The price of naphtha was $459.6/tonne in December, a 37.5% decrease from $735.2/tonne the month before, according to METI.

Japan’s ethylene production in December was earlier reported at 508,200 tonnes, a fall of 5.5% month on month and 24% year on year.

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By: Tomomi Yokomura
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