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”.
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