Japan's naphtha imports fall 9.8% in December
25 January 2012 10:49 [Source: ICIS news]
TOKYO (ICIS)--?xml:namespace>Japan’s imports of naphtha for ethylene production fell 9.8% to 1.11m tonnes in December 2011 from the previous month, official data from the Ministry of Economy, Trade and Industry (METI) showed on Wednesday.
This amounted to $997.6m (€768.2m) in value, which is a 12% fall from $1.13bn in November, according to the data.
The average price of naphtha was $897.8/tonne in December, a 2.8% decrease from the previous month.
Meanwhile, Japan’s production of ethylene decreased 5.8% to 524,300 tonnes in December from November, according to the Japan Petrochemical Industry Association (JPCA).
($1 = €0.77)
For more on ethylene visit ICIS chemical intelligenceBy: Tomomi Yokomura+65 6780 4359
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