24 November 2009 10:48 [Source: ICIS news]
SINGAPORE (ICIS news)--India’s Reliance Industries has temporarily increased operating rates at its new 900,000 tonne/year polypropylene (PP) plant at Jamnagar in Gujurat to 100%, but will reduce them again on Thursday, a source close to the company said on Tuesday.
"We were forced to reduce the rates last weekend to 70% due to upstream issues at the fluid catalytic cracking (FCC) unit," the source said.
The company would run the plant at 70% from Thursday for a couple of days due to a shortage of feedstock propylene from the FCC unit, the source said.
The 200,000 bbl/day FCC unit, which provides feedstock to the PP unit, had been facing technical problems, the source added.
Offers of PP were up $15/tonne (€11/tonne) from Friday’s levels at $1,175/tonne CFR (cost and freight)
($1 = €0.67)ICIS has launched weekly pricing reports in
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