Japan's resin production rose by 7% year on year in May

11 July 2011 13:48  [Source: ICIS news]

TOKYO (ICIS)--Japan’s resins production rose by 7.4% to 870,400 tonnes in May from April, according to preliminary figures released by an industry federation on Monday.

The month-on-month increase may have been due to the restart of Mitsubishi Chemical’s No 1 naphtha cracker in Kashima on 20 May, Tetsushi Suzuki, manager of the Japan Plastic Industry Federation (JPIF) said at a press conference.

Output of plastic feedstocks in May was down by 5.5% from the same period a year earlier, according to the group.

Production of epoxy resin rose by 26% to 17,148 tonnes in May, month on month, and increased by 4% year on year. Fluorine resin output increased by 15% to 1,907 tonnes from April, but fell by 5.6% from the same period a year before, based on the JPIF’s data.

The country produced a total of 464,200 tonnes of plastic products in May, down by 0.5% from April and up by 7% year on year, according to the federation.

Although overall production increased by 7% year on year, output of parts for machinery and tools decreased by 22% year on year, Suzuki said, in Japanese. He added that though the year-on-year decrease was smaller than that for April, “it’s still a large decrease”.

Among other plastic products, the output of plastic containers increased by 9.4% to 60,380 tonnes from April and rose by 12% from the same period a year before, while the production of plastic materials for construction declined by 5.5% month on month and rose by 14% year on year, according to the data.

Japan exported a total of 283,988 tonnes of plastic feedstocks in May 2011, a 19% decrease from May 2010, based on the data.

Total exports amounted to yen (Y) 80.7bn ($1.0bn) in May 2011, down by 13% from the same period a year earlier.

The country’s exports of plastic products decreased by 7.8% to 69,897 tonnes in May year on year. This represented a 10% decline in value to Y102.3bn from the previous year, based on the data.

($1 = Y80)

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By: Tomomi Yokomura
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