Japan’s May petchem naphtha imports drop 3% y/y

Japan’s naphtha imports for the petrochemical sector fell 3% in May from the same month a year earlier, government figures showed on Friday.

Imports of naphtha for ethylene production totalled 1.24 million tonnes last month, down from 1.28 million tonnes in the same month a year earlier, the Ministry of Economy, Trade and Industry said.

Following is a table of naphtha import volume.

                        Name            May 2019       April 2019           May 2018
    Total import (kilolitres)         1,819,940        1,725,915          1,879,821 
        Total import (tonnes)         1,235,621        1,177,407          1,278,501 
       Total import value ($)       715,072,405      643,156,688        765,032,513 
                      $/Tonne             578.7            546.2              598.4 
       Currency rate (yen/$)              111.1            111.2              109.1 
                Yen/kilolitre            43,652           41,438             44,401

Source: Reuters (Reporting by Tokyo Newsroom)