Saudi Arabia's NATPET runs Yanbu PP at 70%, aims for full capacity

02 August 2011 12:28  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Arabia’s National Petrochemical Industrial (NATPET) is currently running its polypropylene (PP) plant in Yanbu at 70% and is likely to run at full capacity within the next few days, sources close to the company said on Tuesday.

NATPET’s 400,000 tonne/year PP facility was running at low rates because of technical issues after the unit restarted on 1 July following maintenance and upgrading, a source said.

The company could not be immediately reached for comment.

NATPET offered PP raffia/injection material at $1,610 (€1,127) CFR (cost and freight) Karachi and $1,640/tonne CFR Karachi for isotatic (IPP) PP film, LC (letter of credit) 90 days.

“[The] market has been short recently, with NATPET back in the market, the tight supply will ease slightly,” a Dubai-based trader said.

($1 = €0.70)

For more on polypropylene visit ICIS chemical intelligence

By: Ong Sheau Ling
+65 6780 4359

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