Oman PP halts Aug exports on shutdown - sources
02 August 2007 10:44 [Source: ICIS news]
SINGAPORE (ICIS news)--Oman Polypropylene has not offered any polypropylene (PP) cargoes to the Middle East and South Asia for August shipment due to an outage at its 340,000 tonne/year plant at Sohar, traders and end users said on Thursday.
The unplanned shutdown, which started last week, was caused by a lack of feedstock propylene, a source close to the company said.
Oman PP obtains propylene from the Sohar refinery, which has been shut since mid-July due to technical problems, the source added.
“The refinery is expected to restart by mid-August and the PP plant two days after the refinery,” the source added.
The shutdown exacerbated the tight supply situation for PP in Middle East and
PP prices rose up to $30/tonne in the Middle East and $50/tonne in South Asia last Friday from two weeks earlier, to $1,400-1,440/tonne CFR (cost and freight) Middle East and $1,380-1,480/tonne CFR South Asia, according to global market intelligence service ICIS pricing.
Oman PP is owned by Oman Oil (40%), LG International (20%), Gulf Investment (20%) and International Petroleum Investment (20%).
By: Prema Viswanathan
+65 6780 4359
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 26 Nov 07 11:33 Oman Polypropylene plans shutdown at PP plant
- 07 Sep 07 12:07 New Oman Methanol plant runs at 70% capacity
- 21 Aug 07 09:37 Oman PP runs at 50% capacity after restart
- 16 Aug 07 10:52 Bruckner awarded contract for BOPP line
- 14 Aug 07 09:35 Oman Polypropylene set for Sohar plant restart
- 08 Aug 07 05:48 Saudi Polyolefins Co scales up PP expansion 35%
- 07 Aug 07 03:58 Tasnee to shut down Jubail PP plant on 18 Aug
- 03 Aug 07 12:37 Unplanned outage at Conoco HDA benzene unit
- 10 Apr 07 14:56 Oman Polypropylene plans plant restart this week
- 29 Mar 07 12:00 Oman Polypropylene's Sohar plant set for restart
- 28 Mar 07 17:21 Oman Duqm complex to have diverse product slate
- 21 Feb 07 07:05 Oman Polypropylene's shutdown to last four weeks
Latest News
- 19 Jun 13 11:26 Poland's Synthos aims to build S-SBR plant abroad
- 19 Jun 13 11:00 EVENING SNAPSHOT - Asia Markets Summary
- 19 Jun 13 10:44 Petron sells 6,000 tonnes mixed xylenes via tender for mid-July
- 19 Jun 13 10:33 EU construction output rises 0.9% in April, eurozone 2.0% higher
- 19 Jun 13 10:30 India’s HMEL closes naphtha sell tender for 10-12 July loading