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Recently, statistics released by the Japan Petrochemical Industry Association show that in February 2022, the utilization rate of ethylene production equipment in Japan was 92.
4%, which continued to run at a high level
.
This is the 21st consecutive month that the data has exceeded 90%
.
In February, Japan's ethylene production was 437,800 tons, a decrease of 9.
9% year-on-year
.
According to the analysis, the main reason is that there was no production equipment for regular maintenance in the same month last year, while 1 set of equipment was undergoing regular maintenance in February this year
.
In the February production statistics of the five major resins jointly compiled by the Japan Petrochemical Industry Association and the PVC Industry and Environment Association, the output of four resins of low density polyethylene, high density polyethylene, polypropylene and vinyl chloride decreased year-on-year
.
The current surge in oil prices will put pressure on costs, potentially leading to lower market demand for petrochemicals, He Changzhi, president of the Japan Petrochemical Industry Association, told an online news conference
.
And He Changzhi worries that if the global economy declines after the Russian-Ukrainian conflict, Japan's ethylene plant utilization rate will also decline
.
