Japan October MMA stocks fall 42.7% from September on turnarounds

15 November 2012 10:49  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s methyl methacrylate (MMA) inventory in October fell by 42.7% from September, official data released on Thursday showed, as major producers have shut facilities for scheduled turnaround last month.

As at end-October, the country’s MMA inventory stood at 15,334 tonnes, down from 26,752 tonnes in end-September, according to the Japan Petrochemical Industry Association (JPCA).

Asahi Kasei, Mitsubishi Gas Chemical and Mitsubishi Rayon Corp have conducted maintenance at their respective MMA plants last month.

In end-October, MMA prices for iso-tank cargoes of 20-300 tonnes were assessed at $2,040-2,100/tonne CFR SE Asia, up by $30-40/tonne (€23-31/tonne) from the start of the month, according to ICIS.

Japan can produce 554,000 tonnes/year of MMA, ICIS data showed.

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%

Sep

33,580

-5,441

-13.9%

-16%

26,752

-9.8%

Oct

26,288

-7,292

-21.7%

-29%

       15,334

-42.7%

Source: JPCA

($1 = €0.78)


By: Christina Siantar
+65 6780 4327



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