Trade Resources Industry Views Japan's Output of Styrene Monomer in November Increased by 23% From October

Japan's Output of Styrene Monomer in November Increased by 23% From October

Japan's output of styrene monomer in November was 222,575 mt,up 23%from October but down 8%year on year,the Japan Styrene Industry Association announced Tuesday.

This was the highest production of SM in a month since January when output soared to 237,900 mt.

The month-on-month increase follows firm overseas demand,which lifted Japan's SM exports in November by 30%month on month to 109,586 mt.SM exports,however,were down 17%year on year in November.

SM sales in the domestic market stood at 108,134 mt in November,down 8%from October and flat year on year.

Japan's output of polystyrene,a major end product of styrene,stood at 53,694 mt in November,up 6%from October and up 23%year on year.

At the end of November,SM producers in Japan held stocks totaling 63,269 mt,up 12%from the end of October but down 19%from a year earlier.

Source: http://news.chemnet.com/Chemical-News/detail-1778953.html
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Japan's November Styrene Monomer Output Rises 23% From October, Exports Jump 30%
Topics: Chemicals