Japan August naphtha imports grow 23% from July

28 September 2011 12:44  [Source: ICIS news]

TOKYO (ICIS)--Japan’s imports of naphtha for ethylene production rose by 23% to 1.51m tonnes in August from the previous month, reflecting increased output of ethylene, government statistics showed on Wednesday.

The country’s naphtha imports for ethylene production amounted to $1.47bn (€1.07bn) in August, up by 21% from July, based on data from the Ministry of Economy, Trade and Industry (METI).

The average price of naphtha was $973.40/tonne in August, a 0.5% decrease from $978.20/tonne the previous month, according to METI.

Meanwhile, Japan’s production of ethylene rose by 8.2% to 612,400 tonnes in August month on month, according to the Japan Petrochemical Industry Association.

($1 = €0.73)

For more on ethylene visit ICIS chemical intelligence 

By: Tomomi Yokomura
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