Japan Aug MMA inventory rise 10% from July on weak demand

21 September 2012 04:17  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s methyl methacrylate (MMA) inventories in August increased by 10% month on month partly owing to weak downstream demand, official industry data showed on Friday.

As at end-August, the country’s MMA inventories stood at 29,663 tonnes, higher by 2,697 tonnes compared with end-July levels, according to the Japan Petrochemical Industry Association (JPCA).

Japan's overall MMA output in August, on the other hand, decreased by 3,308 tonnes or 7.8% month on month to 39,021 tonnes, JPCA said.

Market sources said that the persistently weak demand in the MMA sector may attribute to the higher inventories in August despite lower production level month on month.

The country can produce 554,000 tonnes/year of MMA, according to ICIS data. 

Period

2012

Production (tonne)

MoM Diff in Volume  (tonnes)

MoM Diff in Volume

YoY Diff

In Volume

Inventories

(tonnes)

MoM Diff in Volume

Jan

35,628

3,059

9%

24%

30,417

13%

Feb

36,467

839

2.4%

-22%

28,642

-5.8%

Mar

35,432

-1,035

-2.8%

-28%

19,119

-33.2%

Apr

43,683

8,251

23.3%

-8%

19,119

0.4%

May

51,049

7,366

16.9%

6%

25,861

34.7%

Jun

40,546

-10,503

-20.6%

-6%

27,298

5.6%

July

42,329

1,783

4.4%

4%

26,966

-1.2%

Aug

39,021

-3,308

-7.8%

-12%

29,663

10%

Source: Japan Petrochemical Industry Association (JPCA)


By: Christina Siantar
+65 6780 4327



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