SABIC denies PE, PP allocation cuts in China, southeast Asia

18 January 2010 10:59  [Source: ICIS news]

SINGAPORE (ICIS news)--SABIC has no plans to cut January and February allocations of polyethylene (PE) and polypropylene (PP) to China and southeast Asia, a senior executive with the Saudi petrochemical giant said on Monday, denying earlier reports that it will cut supplies to the region due to production issues.

SABIC had no intention to reduce exports, and all of its plants were operating normally, said Khaled al-Mana, vice president of polymers at SABIC.

SABIC’s buyers in China and southeast Asia last week said that they had been informed by the producer that it would cut allocation significantly in January and February.

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By: Chow Bee Lin
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