18 September 2013 09:59 [Source: ICIS news]
TOKYO (ICIS)--Japan’s polyvinyl chloride (PVC) production rose by 12% year on year to 116,813 tonnes in August, according to official data from Vinyl Environmental Council (VEC) released on Wednesday.
“[PVC production] is steadily increasing,” VEC chairman Shunzo Mori said in Japanese at a news conference.
One of the reasons for the increase was a steady rise in housing starts in Japan, Mori added. Housing starts grew by about 12% year on year in July, according to Mori.
“I think it has been significantly influencing [the PVC industry],” he said.
The country’s exports of PVC was up by 15% to 30,879 tonnes from the same time a year earlier, according to the council.
“Exports have also been steady since April. If you compare five months from April to August last year with the same period this year, [exports] grew by about 46%,” Mori said
According to Mori, 62% of Japan’s PVC exports go to China and Hong Kong.
Chinese economy significantly influences Japan’s PVC exports and if the current tendencies of Chinese economy continues the current trend of PVC exports will also probably continue, Mori said.
“We have high expectations for the Chinese economy,” he added.
Meanwhile, Japan’s domestic shipments of PVC increased by 3.7% year on year to 74,130 tonnes in August, according to VEC.
“Overall, the recent trend of domestic sales has not improved very much compared with last year,” Mori said.
Domestic demand for PVC is expected to increase in the next three to four years for the building and renovations of sport facilities and for public works to improve infrastructures following the International Olympic Committee’s decision to hold the 2020 Olympics in Tokyo, Mori said.
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