Japan’s May MMA production and inventories up 11% from April

21 June 2013 07:21  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s methyl methacrylate (MMA) production output in May was at 37,068 tonnes, up by 3,801 tonnes or 11% month on month, according to the latest data released by Japan Petrochemical Industry Association (JPCA).

Inventory levels rose by 10.7% from April to 29,141 tonnes in May, official data showed.

Sluggish derivative demand continued to plague the MMA sector. In May, the average price of bulk cargoes of more than 500 tonnes was at $2,020/tonne (€1,535/tonne) CFR (cost & freight) SE (southeast) Asia, a $55/tonne drop from April, according to ICIS data.

Table: Japan's MMA production and inventories data

Period

Output (tonnes)

MoM Diff in Volume (tonnes)

MoM Diff in Volume

YoY Diff In Volume

Inventories (tonnes)

MoM Diff in Volume

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%

Mar ’13

38,515

193

1%

9%

32,833

-5%

Apr ’13

33,267

-5,248

-14%

-24%

26,318

-19.8%

May ’13

37,068

3,801

11%

-27%

29,141

10.7%

Source: Japan Petrochemical Industry Association

($1 = €0.76)


By: Christina Siantar
+65 6780 4327



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