17 October 2012 09:21 [Source: ICIS news]
This was a 6.4% increase from the corresponding period a year earlier, according to the council.
Among the domestic shipments, shipments of rigid PVC increased by 30% month on month to 51,741 tonnes, and rose by 8.3% year on year, according to the council.
“When we looked into which applications boosted [the month-on-month increase in shipments], demand for PVC pipes increased. These are used for construction purposes, but we are not seeing continuous increase [in PVC demand] yet. However, spot [demand] has increased in September,” VEC chairman Shunzo Mori said at a press conference.
According to Mori, rigid PVC accounts for about 58% of total domestic demand for PVC, among which about 45% is used for pipes.
September PVC shipments increased a little, but it was driven by demand for pipes, he said, adding that until the construction and housing sectors recover, PVC demand is not likely to rise. “We predict [weak PVC demand] will continue for a while,” Mori said.
Meanwhile, exports of PVC rose by 6.7% to 28,741 tonnes in September from August, but decreased by 25% from September 2011, the VEC said.
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