India’s Haldia Petchem raises benzene ops to 80% in March

06 March 2013 07:13  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Haldia Petrochemical raised the operating rate of  its 130,000 tonne/year benzene unit to 80% capacity in March from February at 70% capacity, on the back of more feedstock naphtha, a company source said on Wednesday.

The higher polyethylene (PE) and polypropylene (PP) prices, coupled with recent corrections seen in naphtha prices, has allowed Haldia to secure more naphtha feedstock, market players said.

“We are keeping our fingers crossed to increase the operating rates [of the benzene unit],” the company source said.

Previously in end February, Haldia floated a tender to sell 3,000 tonnes to sell for end March loading and the tender was closed at a premium of low-$10s/tonne to FOB (free on board) southeast (SE) Asia, market players said.

The other Indian benzene producers are Reliance Industries Ltd (RIL) and Indian Oil.

By: Ong Sheau Ling
+65 6780 4359

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