Vietnam’s BSR PP unit shut until early July: sources

SINGAPORE (ICIS)–Vietnam’s Binh Son Refining and Petrochemical has shut its polypropylene (PP) plant in Quang Ngai province for scheduled maintenance, according to a couple of sources close to the company on Wednesday.

The company, which is a subsidiary of state-owned oil firm PetroVietnam, is undergoing a turnaround as of 19 May, and will likely restart in early July, according to the sources.

“Although there is usually a decline in downstream demand because of the seasonal rains in May, the Binh Son turnaround has tightened supply,” said a trader.

The domestic prices of locally produced and imported PP flat yarn grades were at Vietnamese dong (D) 37,300-37,500/kg DEL (delivered) this week, up by D200/kg from last week, according to several traders.

Officials from Binh Son Refining and Petrochemical were unavailable for comment.

($1 = D21,132.71)