27 November 2013 11:28 [Source: ICIS news]
SINGAPORE (ICIS)--Vietnam’s sole polypropylene (PP) producer, Binh Son Refining & Petrochemical, has awarded a sales tender for 6,000 tonnes/month of PP to three local distributors for lifting in the first half of 2014, industry sources said on Wednesday.
Under the sales tender, 1,500 tonnes/month of PP was each awarded to Plastchem and Hung Phat Thanh, and 3,000 tonnes was awarded to OPEC, local traders said.
The cargoes will be priced on a formula basis, they added.
Binh Son Refining & Petrochemical operates a 150,000 tonne/year PP plant in Dung Quat industrial park in Quang Ngai province. The company is a subsidiary of state-owned oil firm PetroVietnam.
The balance of its monthly PP output will be allocated to two other local distributors, namely PIMD and DMC, in the first half of next year, the local traders said.
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