GPCA ’11: Japan likely to import more PP in 2012 on strong yen

13 December 2011 06:59  [Source: ICIS news]

DUBAI (ICIS)--Japan is likely to import more polypropylene (PP) next year because of the strong Japanese yen, a source at Mitsubishi Corp said on Tuesday.

He was speaking at the sidelines of the Gulf Petrochemicals and Chemicals Association (GPCA) Forum in Dubai.

“Japanese processors have been importing more homopolymer and block copolymer PP this year,” the source said.

However, it is not easy for foreign suppliers to gain a share of the Japanese market because many end-users are used to the specialty PP grades tailor-made by local suppliers, he added.

The 6th GPCA Forum is being held on 13-15 December, with the theme “Moving Downstream – Creating Value and Sustainable Growth”.

Please visit the complete ICIS plants and projects database

By: Chow Bee Lin
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index