26 October 2010 08:33 [Source: ICIS news]
SINGAPORE (ICIS)--Iran’s Jam Petrochemical has resumed exports of polyethylene (PE) after partially restarting its cracker complex in Assaluyeh on 22 October following a 24-day maintenance shutdown, a source close to the company said on Tuesday.
“One of Jam’s PE units has restarted, but the second one is still under maintenance and is expected to restart by 31 October,” the source said.
Jam had resumed operations at its 300,000 tonne/year high density PE (HDPE) line while it was still to restart its 300,000 tonne/year linear low density PE (LLDPE)/HDPE swing unit.
“In a normal month, Jam exports around 40,000-50,000 tonnes of PE, but exports had halted due to the shutdown,” the source said.
The Jam shutdown has tightened supply in the Iranian domestic market, amid robust demand, market players said.
“Demand for PE in the Iranian market has been very strong, especially from the packaging segment,” a trader said.
Jam Petrochemical is a subsidiary of Iran’s National Petrochemical Co (NPC).
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