08 June 2010 15:21 [Source: ICIS news]
LONDON (ICIS news)--Saudi Arabia-based Al-Waha Petrochemical Co’s polypropylene (PP) unit in Al-Jubail is currently restarting production and should be back to its usual operating rates by the start of next week, a source close to the company said on Tuesday.
The site, with a nameplate capacity of 450,000 tonne/year according to ICIS plants and projects data, had been down for over a week due to a technical issue, thereby leaving supply from the site short, according to market players.
“We do not have much [PP] to offer from Al-Waha,” said the source. “Stocks are still short among all [Middle Eastern] suppliers and this means that the price of PP is holding up fairly well, despite a slowing down in demand and prices in ?xml:namespace>
The source added: “Al Waha is in the process of restarting today [8 June] and all being well, we should be back to normal by the beginning of next week.”
Al Waha is a 75:25 joint venture between
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