Mexico Pemex petchem output rises slightly in April

28 May 2013 23:24  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Petroleos Mexicanos (Pemex) produced 940,000 tonnes of petrochemical products in April, up slightly from 931,000 tonnes in the prior-year month, the state-run oil company said on Tuesday.

Accumulated output from January to April stood at 3.7m tonnes, down slightly from 3.8m tonnes in the same four-month period last year, Pemex said.

Production of vinyl chloride monomer (VCM), a raw material for the manufacture of polyvinyl chloride (PVC), fell by 15% in April to 17,000 tonnes, the company said.

Production of ethylene dichloride (EDC), another key PVC component, was also down by 15% to 27,000 tonnes.

The company produced 98,000 tonnes of ethylene, down by 6% year on year, while propylene output was up by 6% to 31,000 tonnes.

High density polyethylene (HDPE) output was up by 61% to 21,000 tonnes, while low density polyethylene (LDPE) rose by 21% to 23,000 tonnes.

Production of linear low density polyethylene (LLDPE) fell by 50% to 13,000 tonnes.

Production of ammonia rose by 6% to 83,000 tonnes, while ethylene oxide (EO), used for glycols and detergents, fell by 3% to 32,000 tonnes.

The company produced 4,000 tonnes of styrene, 3000 tonnes of benzene and 3,000 tonnes of toluene in April. Production of these chemicals was halted for eight months last year after upgrading work forced a temporary shutdown of the aromatics chain.

Production of other chemicals totalled 585,000 tonnes, up by about 2% compared with last year, the company said.

Meanwhile, domestic sales of petrochemical products for the month were down slightly to Mexican pesos (Ps) 2.9bn ($230m, €177m) from Ps3.0bn a year earlier, Pemex said.

Accumulated sales in the first four months of the year stood at Ps12.1bn, compared with sales of Ps13.4bn in the prior-year period.

The company’s trade deficit in petrochemicals widened to $10.7m in January-April, compared with a deficit of $2.1m and a surplus of $62.0m in the same four-month period of 2012 and 2011, respectively.

Exports from January through April this year totalled $50.0m, while the cost of imports was $60.7m, the company said.

($1 = €0.77, $1 = Ps12.63)

By: Simon West

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