TOKYO -- Japanese output of plastics building block ethylene and steel has dropped to the lowest levels in decades as domestic demand shrinks while overproduction in China weighs on prices.
Ethylene production in Japan totaled 4.98 million tonnes in 2024, falling below 5 million for the first time since 1987, data released Thursday by the Japan Petrochemical Industry Association shows.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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