Japan's PVC production up 6.2% year on year in February

21 March 2013 07:33  [Source: ICIS news]

TOKYO (ICIS)-- Japan’s production of polyvinyl chloride (PVC) increased by 6.2% year on year to 121,270 tonnes in February, the Vinyl Environmental Council (VEC) said on Thursday.

Domestic shipments of PVC were up by 5.3% to 90,046 tonnes from the previous year, while exports rose by 54% to 27,783 tonnes, according to the council.

“Compared with the level of domestic shipments [of PVC] from July to September 2012,  [domestic shipments in February] have returned to good levels,” Shunzo Mori, the chairman of the VEC, said in Japanese at a press conference.

“Regarding [PVC] exports, they have increased significantly compared with February 2012, when [exports] plummeted after [plants’] accidents, but compared with the time before the accidents, [exports’ recovery rate] is still around 60%. They have not fully recovered,” Mori added without elaborating further.

Meanwhile, Japan’s production of vinyl chloride monomer (VCM) increased by 24% year on year to 184,771 tonnes in February, the VEC said.

Domestic shipments were, however, down by 1.4% to 121,416 tonnes from the same time a year earlier, while exports more than doubled to 51,975 tonnes, according to the association.

“VCM trend reflects the PVC trend,” VEC Vice Chairman Toshinori Yamamoto said.

 


By: Tomomi Yokomura
+65 6780 4359



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