08 September 2009 10:31 [Source: ICIS news]
By Chow Bee Lin
SINGAPORE (ICIS news)--?xml:namespace>
“July sales almost doubled especially for PP, PE, polyvinyl chloride (PVC) and styrene monomer against July last year, so we think many Japanese suppliers will prepare much export quantity for a few more months,” a source at Mitsui & Co said.
“We have been getting more PE from Japanese producers for export, mainly film, yarn and blow moulding grades of high density PE (HDPE). The export volume in the October-December quarter may not be as much as that in February and March this year, but it should be more than in the July-September quarter,” a source at Marubeni said.
In the first half of the year,
Its HDPE exports soared 131% at 125,200 tonnes, while its PP exports jumped 40% to 174,800 tonnes, based on the same data.
“Our LDPE/ethylene vinyl acetate (EVA) plants have been focusing on EVA production to meet domestic demand, so our LDPE output has already been reduced, and hence we don’t have extra LDPE for export,” the major LDPE producer said.
“LDPE supply in
The inventories would be considered too high when they hit three to four months of production, he added.
The data also showed the country produced 117,600 tonnes of LDPE and LLDPE and 198,800 tonnes of PP in the same month.
Its inventories hit the year’s peak levels in January with 472,000 tonnes of LDPE and LLDPE, 264,000 tonnes of HDPE and 734,000 tonnes of PP, latest data from JPIA showed.
One local PE producer said it believed
“If the yen and naphtha price strengthen further, I think
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