19 November 2013 17:44 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--Chile’s demand for polypropylene (PP) resins has been flat or slightly lower this year, a source with producer Petroquim said on Tuesday on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
Transformers are complicated with high energy costs, and imports of finished products are on the rise with the help of low import tariffs, Petroquim’s Marcos Segal said.
Chilean PP prices have declined by $50/tonne (€37/tonne) in November, and December prices are somewhat weaker at about $1,660/tonne, according to ICIS data.
Production has been affected by maintenance turnarounds and shortages of feedstock propylene, but it is expected to stabilise in 2014, the source said.
The APLA conference ends on Tuesday.
($1 = €0.74)
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