05 April 2012 22:56 [Source: ICIS news]
CORPUS CHRISTI, Texas (ICIS)--Petroleos Mexicanos (Pemex) imported 88% more petrochemicals in the first two months of 2012 than in the same period last year, the state-owned oil company said on Thursday.
In January and February of this year, Pemex imported over 40,000 tonnes of petrochemicals, up from 21,300 tonnes during the first two months of 2011, its monthly production report said.
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The monthly production report said the high-priced petrochemical imports, used as feedstocks for other chemicals, directly affects those downstream users.
Eduardo Martinez, president of Mexico's National Association of Plastic Industry (ANIPAC), has said that it is easier to produce low-cost crude and sell into high-priced international markets.
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