19 March 2014 09:39 [Source: ICIS news]
SINGAPORE (ICIS)--Vietnam’s Binh Son Refining and Petrochemical is currently operating its polypropylene (PP) plant in Quang Ngai province at 100% in view of an upcoming turnaround in May, a source close to the company said on Wednesday.
The company, which is a subsidiary of state-owned oil firm PetroVietnam, is on track to shut down the PP plant in Dung Quat industrial park from early May to late June, the source added.
A couple of traders said that though the PP market faces a seasonal lull in May, prices could experience upward pressure from the tightening supply when Binh Son shuts down the PP plant.
Officials from Binh Son Refining and Petrochemical were unavailable for comment.
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