29 April 2010 17:25 [Source: ICIS news]
HOUSTON (ICIS news)--Chile’s domestic polypropylene (PP) production remained down for a lack of feedstock propylene, but producer Petroquim expected to resume production in June, with other grades following in July, a company source said on Thursday.
Current plans estimated that production of homopolymers could resume in June, with copolymer production scheduled to restart in July, according to indications from local refiner ENAP, the source said.
Following the 27 February earthquake, Petroquim has bought PP material from ?xml:namespace>
Petroquim hoped to liquidate expensive inventories of regional product at $1,780/tonne
Asian homopolymers remained the most competitive imports at $1,540/tonne CFR Chile main port. But the expected price decline in the US Gulf made purchases of Asian products risky, considering that shipments from Asia arrive in
Homopolymer material of Brazilian origin was quoted at $1,850/tonne CFR Chile, and it was in short supply.
($1 = €0.76)
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