18 April 2012 09:13 [Source: ICIS news]
This was a 13% decrease from the same time a year ago, according to the VEC.
The country’s total domestic shipments in March were at 87,713 tonnes, up by 2.5% month on month, but down by 8.0% year on year.
“If you look at the year-on-year figure, it looks like [domestic demand] decreased, but there was a temporary increase of domestic demand in March last year right after the [11 March] earthquake. So you can’t simply compare [the figures without considering that],” Shigetaka Seki, VEC’s executive director, said during a press conference.
The country’s production of PVC declined by 15% to 1.40m tonnes in 2011, while domestic shipments fell by 2.7% to 1.02m tonnes, according to the council.
Seki said that while domestic demand seemed to have increased by about 30,000 tonnes in 2011, Japan’s imports of PVC increased by 30,000 tonnes last year from 2010 because of emergency measures following the earthquake, according to the government’s statistics.
“If you take this into consideration, domestic demand was almost unchanged [in 2011 from 2010],” Seki added.
The country’s exports of PVC declined by 41% to 347,626 tonnes in 2011 from a year ago, according to the VEC.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections