Japan naphtha imports rise by 22% to 1.29m tonnes in October

28 November 2011 10:02  [Source: ICIS news]

TOKYO (ICIS)-- Japan’s imports of naphtha for ethylene production rose by 22% to 1.29m tonnes in October this year from the previous month, official data from the Ministry of Economy, Trade and Industry (METI) showed on Monday.

This amounted to $1.24bn (€930m) in value, which is a 20% increase from $1.03bn September, according to the METI.

The average price of naphtha was at $958.7/tonne, down by 0.8% from $966/tonne the previous month, the data showed.

Japan produced 557,200 tonnes of ethylene in October, which is a 4.2% increase from September, according to the Japan Petrochemical Industry Association.

($1 = €0.75)

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By: Tomomi Yokomura
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