16 March 2011 17:54 [Source: ICIS news]
LONDON (ICIS)--Fears surrounding a nuclear meltdown and persistent aftershocks in ?xml:namespace>
The nuclear crisis escalated after explosions occurred at the Fukushima Daiichi complex, as cooling systems failed after the 9.0-magnitude quake and resulting tsunami. Meanwhile, strong aftershocks continue to shake
Engineers have been working frantically to pump seawater into nuclear reactors at the
In its latest report, the International Atomic Energy Agency (IAEA) said that the Japanese authorities have reported concerns about the condition of the spent nuclear fuel pool at Fukushima Daiichi's Unit 3 and Unit 4.
“Japanese Defence Minister Toshimi Kitazawa announced Wednesday that Special Defence Forces helicopters planned to drop water onto Unit 3, and officials are also preparing to spray water into Unit 4 from ground positions, and possibly later into Unit 3,” it said.
Asahi Glass Co (AGC) shut its caustic soda plants at
Meanwhile, Japanese producers might have to declare force majeure (FM) on caprolactam (capro) due to possible feedstock and power shortages, which has sparked panic buying of spot capro by downstream nylon makers in
In addition, Japan's giant automakers, including
On a positive note, shares of major Japanese companies rebounded on Wednesday, recapturing losses in the previous day that had been spurred by the escalating nuclear crisis.
According to media reports, the latest official death toll from the quake and tsunami is more than 4,000, but thousands are still unaccounted for and it is estimated that more than 10,000 have been killed.
Additional reporting by Feliana Widjaja, Chow Bee Lin, Nurluqman Suratman, Helen Yan, James Dennis, Felicia Loo, Becky Zhang, Lester Teo, Pearl Bantillo, Judith Wang, Junie Lin and Helen Lee
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