TOKYO (ICIS)--Japan’s domestic shipments of polyvinyl chloride (PVC) rose by 13% year on year to 98,917 tonnes in March, official industry statistics showed on Wednesday.
The increase in domestic shipments was due to the rush in purchases before the scheduled price increases of PVC, Shunzo Mori, the chairman of the Vinyl Environmental Council (VEC), said at a press conference.
Production of PVC fell by 7.9% year on year to 113,436 tonnes in March because some PVC producers’ plants were shut for scheduled maintenance, Toshinori Yamamoto, the vice chairman, said.
The country’s exports of PVC declined by 13% year on year to 24,395 tonnes in March, the VEC data showed.
China, the biggest importer of Japan’s PVC, has been exporting its own PVC to India, rather than importing from Japan, Mori said.
However, due to India’s new policy on anti-dumping duties on imported PVC, China will most likely not be able to export to India anymore, and this will impact the entire
Asian PVC market, another VEC official, Masaki Miyajima, said.
According to Miyajima, of the 1m tonnes of PVC India imports from different countries in a year, about 250,000 tonnes is delivered from China.
“Unless the Chinese economy recovers, the entire (Asian economy) will not run,” Mori said in Japanese.
Japan's March domestic shipments of PVC up by 13% at 98,917 tonnes
16 April 2014 08:55 Source:ICIS News