South China's PE, PP cargoes delayed as Typhoon Usagi hits

23 September 2013 10:35  [Source: ICIS news]

SINGAPORE (ICIS)--The arrival of polyethylene (PE) and polypropylene (PP) shipments to south China was delayed as Typhoon Usagi made landfall on 22 September, industry sources said on Monday.

The Typhoon Usagi has forced the temporary closure of Shantou and Huangpu ports, local traders said.

“All the docks in Shantou were blockaded and no trucks could be used up to now. However, with the typhoon weakening, the impact is expected to last for one to two [more] days,” a trader located in Shantou said.

The Huangpu port, on the other hand, was closed on 22 September for a day, a local trader said, adding that normal operations have resumed.

The typhoon has also affected the delivery of domestic cargoes.

China National Offshore Oil Corp (CNOOC) and Shell Petrochemical planned to resume their delivery of cargoes on 22 September after suspending it on 19 September because of the Mid-Autumn festival holiday, a source close to the company said.

However, the local delivery is now expected to be delayed for the next two days, the source added.

Despite the delay in the cargo arrival, a local trader said that there could be little impact on PE and PP prices as most sellers have sufficient stocks.

Additional report by Lizzie Yu, Amy Yu, Doreen Zhao and Summer Zhang

By: Angie Li
+65 6780 4359

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