27 June 2013 20:13 [Source: ICIS news]
HOUSTON (ICIS)--Mexico’s Pemex polyethylene (PE) supply has tightened for some grades with recent and current turnarounds affecting overall inventories, Pemex sources said on Thursday.
Supply of low density polyethylene (LDPE) has tightened because of a recent maintenance to one of three production trains at the 300,000 tonne/year Cangrejera facility.
The maintenance done to the 100,000 tonnes/year Train 3 took longer than initially expected, causing inventories to drop. The train is currently producing normally, but inventories are yet to recover.
The 100,000 tonne/year Asahi plant, which produces high density polyethylene (HDPE) for injection moulding applications, is operating at half of its total capacity because of maintenance to one of its two production trains.
That maintenance is 30 days into a total scheduled downtime of 60 days. Supply of HDPE injection material is tight because of this outage.
The 80,000 tonne/year Mitsui plant is working normally in the production of HDPE blow moulding material. Supply of that grade is normal.
The 300,000 tonne/year Morelos swing plant is currently producing hexenes for rotomoulding applications. Linear low density polyethylene (LLDPE) stocks are tight, although availability is nearly adequate for the existing demand.
Mexico’s economic prospects have been revised down recently to reflect a more modest reality, but market participants are optimistic about the future.
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