15 March 2013 03:21 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia’s Petlin expects to clear backlog orders for low density polyethylene (LDPE) that built up over the past four months, by mid-April, a company source said on Friday.
The company has been experiencing delays in shipping out LDPE since December 2012 on tight supply of vessels and as Malaysia had a number of public holidays from end-January to end-February, the source said.
Production at Petlin’s 255,000 tonne/year LDPE plant at Kerteh in Terengganu had continued as normal despite the logistics issues, hence the producer would be offering cargoes for April shipments, he added.
The producer exports about 80% of its output, with China and southeast Asia as its key markets, the company source said.
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