Japan February MMA inventory jumps 24.5% from January

22 March 2013 06:14  [Source: ICIS news]

BRISBANE (ICIS)--Japan’s methyl methacrylate (MMA) inventory in February increased by 24.5% from a month earlier to 34,554 tonnes, official data showed on Friday.

Japan’s MMA output  fell by 3,424 tonnes or 8% month on month to 38,322 tonnes in January this year, according to the Japan Petrochemical Industry Association (JPCA).

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

In the week ended 15 March, MMA prices for iso-tank cargoes of 20-300 tonnes were at $2,150-2,180/tonne (€1,656-1,679/tonne) CFR (cost and freight) SE (southeast) Asia, unchanged from the previous week, according to ICIS.

Period Output (tonnes) MoM Diff in Volume  MoM Diff in Volume YoY Inventories MoM Diff in Volume
    (tonnes)   Diff In Volume (tonnes)  
Jan’12 35,628 3,059 9% 24% 30,417 13%
Feb ’12 36,467 839 2.40% -22% 28,642 -5.80%
Mar ’12 35,432 -1,035 -2.80% -28% 19,119 -33.20%
Apr ’12 43,683 8,251 23.30% -8% 19,119 0.40%
May ’12 51,049 7,366 16.90% 6% 25,861 34.70%
Jun ’12 40,546 -10,503 -20.60% -6% 27,298 5.60%
July’12 42,329 1,783 4.40% 4% 26,966 -1.20%
Aug’12 39,021 -3,308 -7.80% -12% 29,663 10%
Sep’12 33,580 -5,441 -13.90% -16% 26,752 -9.80%
Oct’12 26,288 -7,292 -21.70% -29% 15,334 -42.70%
Nov ’12 31,159 4,871 18.50% -12% 15,045 -1.90%
Dec’12 36,143 4,984 16.00% 11% 19,196 27.60%
Jan’13 41,746 5,603 15.50% 17% 27,761 44.60%
Feb’13 38,322 -3,424 8% 5% 34,554 24.50%

Source: Japan Petrochemical Industry Association

($1 = €0.77)
By: Junie Lin



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