Japan exports of three primary resins decrease in Nov year on year

16 December 2011 08:20  [Source: ICIS news]

TOKYO (ICIS)--Japan’s exports of three primary resins, namely low density polyethylene (LDPE), polypropylene (PP) and polystyrene (PS), fell in November year on year because of a strong currency and easing market conditions in Asia, an industry association said in a statement on Friday.

The country’s exports of LDPE decreased by 36% to 15,400 tonnes in November from the corresponding period a year earlier, but is a 12% increase from October, official data from the Japan Petrochemical Industry Association (JPCA) showed.

Its exports of PP fell by 28% to 15,800 tonnes in November year on year and declined by 16% month on month, based on the data.

Japan exported 1,300 tonnes of PS in November 2011, a 30% decrease from November 2010 and a 37% decrease from October 2011, according to the JPCA.

However, the country’s exports of high density polyethylene (HDPE), another primary resin, rose by 27% year on year to 15,600 tonnes in November and increased by 17% month on month, the data showed.

Japan’s output of eight products out of 18 primary chemicals, including ethylene, LDPE, styrene monomer (SM), styrene butadiene rubber (SBR), benzene, toluene and xylene, increased in November from October because of smaller losses of production caused by maintenance shutdowns, JPCA said.

LDPE showed the largest month-on-month production increase by 33% to 137,700 tonnes in November, according to the data.

This is followed by the country’s production of SM, which increased by 17% to 241,500 tonnes in November from the previous month, the JPCA statistics showed.

However, Japan’s production of 10 chemicals declined month on month, with acrylonitrile (ACN) showing the largest decrease of 25% to 47,700 tonnes in November from October, based on the data. 

On a year-on-year comparison, 15 primary chemicals out of 18, including ethylene, LDPE, HDPE, PP, PS, polyvinyl chloride (PVC), vinyl chloride monomer (VCM) and ACN, fell in November, JPCA said.

However, the country’s output of only three chemicals, including SM, ethylene glycol (EG) and SBR rose, the data showed.

Japan’s production of PVC was down by 22% to 107,700 tonnes in November from the same period a year earlier, the largest year-on-year decline among all 18 chemicals, based on the JPCA data.

Its production of EG rose by 11% to 63,700 tonnes in November year on year, according to JPCA.

The country produced 556,500 tonnes of ethylene in November, a 0.1% decrease from the previous month and an 11% decrease from November 2010, the data showed.

The average operating rate at Japan’s naphtha crackers was at 84.4% in November, which is a decrease from 87.7% in October 2011 and 94.8% in November 2010, according to JPCA.

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By: Tomomi Yokomura
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