August petrochemical shipments from Japan down

Sep 13, 1997 02:00 AM

Japanese petrochemical August shipments fell on an annual basis for all four major synthetic-resins, while production rose for three of the four (the exception was polystyrene), according to figures released by the Japan Petrochemical Industry Association.
Analysts say exports are off due to the weakening of the Southeast Asian economy. Domestic demand has peaked, and analysts observe a growing uneasiness about the near-term outlook.
Low-density polyethylene exports fell 45 %, while domestic shipments fell for the first time in two years, resulting in a net drop of 9 %.
Domestic shipments of polypropylene fell for the first time in 17 months, while high-density polyethylene shipments fell for the second month in a row.
Meanwhile, inventories are swelling due to higher production levels. Polypropylene stocks have risen 11 %.
Production of ethylene, the basic raw material, was up 3.7 %, at 635,600 tons.

Source: not available
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