20 November 2013 15:18 [Source: ICIS news]
DUBAI (ICIS)--Saudi ports are likely to see increased congestion amid higher demand for petrochemicals ahead of the Chinese New Year holiday at the end of January, industry sources said on Wednesday.
"I expect more delays in Saudi ports amid last-minute prompt shipments ahead of Chinese New Year," an Indian-based trader said on the sidelines of the 8th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum in Dubai.
Ports affected are likely to include Jubail and Dammam, a Saudi-based source said at the sidelines of the forum.
Congestion is a "long-standing issue", with huge delays during the Muslim festival of Eid-ul-Adha in mid-October and Eid-ul-Fitr in early August, according to a separate south Asia trader attending the conference.
The two-day GPCA Forum will end on 21 November.
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