16 November 2012 06:24 [Source: ICIS news]
SINGAPORE (ICIS)--Three Iranian polyethylene (PE) producers have started despatching cargoes early this week for their major customers in China following the lifting of an export ban on the polymer, market sources said on Friday.
Amir Kabir Petrochemical Co (AKPC), Jam Petrochemical (JPC) and Laleh Petrochemical – which received a license from the Iranian government to ship out PE cargoes – have resumed export activities, they said.
“We have just received an e-mail notification that our cargoes are lifted from the port yesterday [Thursday],” a Shanghai-based trader said in Mandarin.
Arya Sasol Petrochemical Co (ASPC), which secured an export license on 6 November, is expected to resume export activity next week, along with Marun Petrochemical.
Marun Petrochemical has also secured an export license and its resumption of exports happening just after the restart of its 300,000 tonne/year high density PE (HDPE) early this month, industry sources said. The company's HDPE plant was down for about a month due to feedstock issues, they said.
PE shipments from Iran grounded to a halt in late October following reports that the government of the Middle Eastern country has proposed to ban exports of 50 commodities, including petrochemicals like PE.
“Even though the ban has been lifted, we still had to submit the necessary document to somehow get the authorities permission to regain export[er] status,” one of the Iranian PE makers said.
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