Japanese polyolefin demand expected to rise steadily

Jan 20, 1997 01:00 AM

Estimated figures for Japanese supply of and demand for ldPE, hdPE and PP in 1996 and 1997 have recently been compiled by Mitsubishi Chemical, Mitsui Petrochemical Industries and Sumitomo Chemical, respectively.
Demand for ldPE and hdPE in 1996 showed moderate growth due to activated public investment, demand expansion triggered by the planned consumption-tax hike and increased supplies of blow moldings for detergent packaging stemming from the food poisoning caused by O-157 coli bacteria. Their production hit all-time highs. PP production and demand in the same year also marked record highs. Demand for PP-based industrial parts rose 11% year-on- year, though it had been projected to slacken in response to production relocation overseas of cars and home electronics. In 1997, ldPE/hdPE demand is expected to pick up 2 and 2.8%, respectively, though demand growth will slow down late in the year as a reaction against demand expansion coupled with the consumption-tax raise. PP demand in the same year will edge up 3.9%, reflecting steady growth of application to sundries and film. Demand for use in cars, home electronics and housing will become comparatively dull after the second quarter in connection with the consumption-tax increase.

Source: not available
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