Japan's October SM exports rise 37% from September

22 November 2010 11:41  [Source: ICIS news]

TOKYO (ICIS)--Japan’s exports of styrene monomer (SM) rose 37% to 141,476 tonnes in October compared with the previous month, industry statistics showed on Monday.

The increase was partly due to robust demand for SM in China, an official from the Japan Styrene Industry Association said.

October exports were up 14% compared with the same month in 2009, the association said.

Production of SM in October rose 20% month on month to 260,367 tonnes, reflecting higher exports and because most maintenance shutdowns of SM plants in Japan scheduled for 2010 had already been completed, the official added.

Production in October 2010 was 9% up compared with the same month in 2009, the association said.

Domestic shipments of SM in October 2010 were at the same level as the month before, at 123,647 tonnes, up 2% year on year.

Among domestic shipments, 50,503 tonnes of SM were used in the production of general purpose polystyrene (GPPS) and high impact polystyrene (HIPS), down 5% year on year, the association said.

Japan’s exports of polystyrene (PS) rose 28% to 2,350 tonnes in October compared with the previous month. However, this was a 2% fall compared with October 2009.

Production of PS was down 2% month on month to 56,991 tonnes, although this was a 2% increase year on year, the association said.

Domestic shipments of PS declined 3% to 56,328 tonnes in October from September. This was a 2% increase compared with the same period in 2009.

Among domestic shipments, 10,899 tonnes of PS were used for electric and industrial applications, down 5% from the same period in 2009.

This reflected a decline in demand for office equipment, the official said.

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By: Tomomi Yokomura
+65 6780 4359



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