Japan

Mar 28th, 2011

Metals Energy Updates: Nat Gas Continues to Shine Copper Falls

The metal gained 0.7 percent this week after turmoil in Libya radiation leaks from a damaged nuclear reactor in Japan and Europe’s lingering debt crisis spurred demand for an investment haven US gold futures rose to record higher before falling and oil futures fell this week while the really shining commodity was natural gas which […]...

Mar 17th, 2010

UK Government Invests in Nuclear Component Plant

The British government will lend 80 million pounds ($120 million)to a steelworks to help it build a major new manufacturing facility for nuclear power plant components, the business minister said on Wednesday. Peter Mandelson said the loan to Sheffield Forgemasters, which will be complemented by funding from U.S.-based firm Westinghouse, was part of a strategy […]...

Jul 27th, 2009

Japan MMA Producers’ Demand for Methanol Falls 38% on Year in H1

Japan methyl methacrylate producers’ demand for methanol feedstock fell 38% year on year to 169,500 mt in the first six months of 2009 due to lower demand for MMA products from automobile manufacturers, figures released by the Japan Petrochemical Industry Association showed Friday. However, the pace of decline has been falling, with the first quarter […]...

Jul 24th, 2009

Naphtha Prices in Asia at Two Week Highs

Approximately 1.7 mln tons of spot naphtha will be delivered to Asia next month from Saudi Arabia, Kuwait, Europe, the United States, Mediterannean and India, as against last month’s 1.4 mln tons of spot naphtha from the West, Kuwait and India for July deliveries. Despite a situation of oversupply in Asia, naphtha prices have touched […]...

Jul 23rd, 2009

Japanese Petrochem Makers Mull Added Imports of Naphtha (23-7-2009)

Poor refining margins have forced Japanese refiners to cut crude runs, while increased demand for naphtha from petrochemical firms has lead to lower inventories. Though Japan’s naphtha stocks that had dipped to 11 year lows, have risen, inventory levels continue to be low. As demand from China strengthens, Japan’s petrochemical makers mull added imports to […]...

Jul 21st, 2009

Crude Down On Profit-Taking After Morning Rise

TOKYO (Dow Jones)–Crude oil futures fell Tuesday in Asia, giving up most gains made during morning trade and overnight in New York as equity markets took a breather and market participants booked profits, observers said. At 0608 GMT, front-month August light, sweet crude oil futures on the New York Mercantile Exchange, due to expire later […]...

Jul 17th, 2009

June Petrochem Naphtha Imports in Japan Dip by 18%

Japan’s naphtha imports for the petrochemical sector fell 18 percent in June from the previous month as per the Ministry of Economy, Trade and Industry. Imports of naphtha for ethylene production amounted to 960,823 tons (1,399,098 kilolitres) last month, compared with 1,169,478 tons (1,696,561 kl) in May. The average naphtha import cost in June rose […]...

Jul 15th, 2009

Japan opposition eyes bolder CO2 cuts

TOKYO (Reuters) – Japan’s main opposition party will adopt bolder greenhouse gas cuts than the government by using the global emissions market and increasing green jobs if it wins an upcoming election, the party’s head of green policy said on Wednesday. Prime Minister Taro Aso plans to call an election for August 30, and the […]...

Jul 9th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Bleak unemployment figures from USA and Europe have sunk oil prices to US$66/barrel. Weak jobs figures suggest tepid consumption that will dampen crude demand. A Labor Department report indicated 467,000 jobs were lost in June – a larger than expected drop that has pushed up unemployment rate to 9.5% at 26 year highs. […]...

Jul 8th, 2009

Asian Propylene Rangebound Although Oil Prices Continue to Fall

Asia’s propylene FOB Korea price benchmark held steady for a third day at $982.50/mt Wednesday even as crude oil prices continued to fall for a fifth consecutive day. The most competitive propylene offer was $1,000/mt FOB Korea for a 1,500 mt cargo to be loaded in August. Buying interest was at $970/mt FOB Korea The […]...

Jul 8th, 2009

Japan’s Ethylene Output in June Dips by 3% as Compared to Last Year

Japanese ethylene production dipped 3% in June 2009 as compared to figures for June 2008. Data from government indicates declines for the third consecutive month restricted to single digit on increased demand and increased output. Last month, ethylene output totalled 555,400 tons, as compared with 572,600 tons in 2008 as per Ministry of Economy, Trade […]...

Jul 7th, 2009

Celanese Sells Polyvinyl Alcohol (PVOH) Business to Sekisui Chemical

Celanese Corporation has sold its polyvinyl alcohol (PVOH) business to Sekisui Chemical Co., Ltd., a Japan-based company engaged in the manufacture of chemicals and resin processing. Celanese is a US-based manufacturer and distributor of acetic acid, vinyl acetate monomer, and PVOH resin. Source: individual.com...

Jul 7th, 2009

Asahi Kasei Announces Dissolution of the Joint Venture Solotex Corporation

Asahi Kasei Fibers and Teijin Fibers will dissolve Solotex Corp., their joint venture for polytrimethylene terephthalate (PTT) fiber operations, at the end of March 2010. PTT was commercialized as a molding material in the late 1990s. Asahi Kasei Fibers began development of PTT fiber in 1996, with production and sale beginning in 1999. Teijin Fibers […]...

Jul 6th, 2009

Mitsubishi to Restart Naphtha Cracker

Japan’s Mitsubishi Chemical Corp plans an earlier than projected restart of its 375,000 tpa No.1 naphtha cracker at Kashima. The restart was delayed last week to July 5-6 due to an oil leak, which has been fixed. Due to this delay, the company has deferred the scheduled maintenance of its 476,000 tpa No.2 cracker from […]...

Jul 1st, 2009

Teijin Exits NatureWorks PLA Bioplastics Venture

Japanese polymer maker Teijin has ended its involvement in the NatureWorks polylactic acid (PLA) bioplastics business, transferring its 50% shareholding over to its joint venture partner Cargill. The move came into effect yesterday (30 June) and is part of a restructuring of the Teijin global business instigated by the economic slowdown, the company said. NatureWorks […]...

Jul 1st, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL For the second consecutive week, crude oil prices have finished in the red, settling below US$70 in the week of June 29, 2009. Light sweet crude oil for August delivery settled at US$69.1, down by over one dollar for the week amid rough trading. The Energy Information Administration data indicated a 3.8 mln […]...

Jun 30th, 2009

Asahi Kasei Chemicals Concludes Memorandum for Acetonitrile Production in Thailand

Asahi Kasei Chemicals, PTT Public Company Limited, Marubeni Corp., and their joint venture, PTT Asahi Chemical Company Limited (PTTAC), have concluded a memorandum of understanding to study the commercial production of acetonitrile in Thailand. Acetonitrile is a solvent used throughout the world in the manufacture of pharmaceuticals, as an analytical reagent, and in agrichemicals and […]...

Jun 25th, 2009

Saudi Aramco, Sumitomo Chemical to Complete Rabigh II Feasibility Study by Q3-2010

State-owned oil giant Saudi Aramco and one of Japan’s leading chemical makers Sumitomo Chemical Co., Ltd announced the selection of JGC Corporation as the Project Management Services Contractor to conduct a feasibility study for the development of the Rabigh Phase II Project. Rabigh II Project is a major expansion of the existing petroleum refining and […]...

Jun 24th, 2009

Price Trends of Oil, Polymer Feedstock and Commodity Polymers in Asia

CRUDE OIL Crude oil prices dipped by over a dollar to US$71 per barrel in the week of June 22, 2009. Weak fuel demand despite data indicating a recovery in the global economy has kept crude oil pegged at US$71 per barrel. This marks a stop to four consecutive weeks of oil price hike. The […]...