21 November 2012 10:26 [Source: ICIS news]
TOKYO (ICIS)--Japan’s production of polyvinyl chloride (PVC) fell by 10% month on month to 112,753 tonnes in October, official data from an industry association show on Wednesday.
However, the figure is a 6.7% increase from that recorded in October 2011, according to the Vinyl Environmental Council (VEC).
The country’s total shipments of PVC for domestic use rose by 6.2% to 94,900 tonnes in October from September, reflecting a significant increase of shipments for electric cables.
The hike in shipments is a 5.9% increase from October 2011, the data show.
Domestic shipments of PVC for electric cables rose by 22% month on month to 19,723 tonnes – a 21% increase year on year – while domestic shipments of flexible PVC increased by 9.9% month on month to 23,530 tonnes – a 4.7% year on year increase, based on the statistics.
“PVC demand is definitely increasing from last year,” Toshinori Yamamoto, vice-chairman of VEC, said at a press conference.
Exports of PVC fell by 8.8% to 26,206 tonnes in October from the previous month, and declined by 29% from the same time a year earlier, the data show.
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