India’s Reliance ramps up Jamnagar cracker, PP units on 1 August

02 August 2011 07:29  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries has started to ramp up production at its fluid catalytic cracker (FCC) and polypropylene (PP) facility at Jamnagar from 1 August after one week of maintenance work, a source close to the company said on Tuesday.

The PP unit which has a production output of 3,000 tonnes/day, was shut on 25 July for maintenance, together with its upstream FCC unit that can produce 1m tonnes/year of propylene.

At the same site, a second PP facility, with a nameplate capacity of 1m tonnes/year, was running at full tilt during the shutdown period of the FCC.

“Both the FCC and the PP facilities are operating fine now,” the source added.

Reliance has raised its list prices in the Indian domestic market by rupee (Rs) 3/kg (Rs3,000/tonne, $68/tonne) for homopolymer and Rs2/kg for copolymer, with effect from 1 August.

Its import parity now stands at $1,635/tonne (€1,144.50/tonne) CFR (cost & freight) Mumbai for raffia and $1,670/tonne CFR Mumbai for block copolymer, the source said.

The company is confident that the Indian market will continue its bull run this week on the back of tight supply.

Buying ideas are at $1,600-1,620/tonne CFR Mumbai on 2 August for raffia, depending on shipment dates. No firm offers for imports were heard this week, market players said.

($1 = Rs44.05, $1 = €0.70)

By: Ong Sheau Ling
+65 6780 4359

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