Polypropylene offers from Brazil to Argentina rise for November

09-Nov-10
Polypropylene offers from Brazil to Argentina rose by US$50/mt for November but remained flat over October to fellow Mercosur countries Uruguay, Paraguay and Bolivia, as per Platts. October was a very competitive market in the Mercosur region that witnessed imports coming from different countries. This has led to an increase in PP offers to Argentina. After the hike, Brazilian PP prices to Argentina were at US$1850-1950/mt CFR for homo raffia, injection and film and $1,950-2,000/mt CFR for co-polymer. Brazilian PP offers to Paraguay, Uruguay and Bolivia were pegged at US$1650-1,750/mt CFR for homo raffia, injection and film and at $1,750-1,850/mt CFR for co-polymer. The Brazilian export market is expected to be short on polyethylene and polypropylene this month because of a maintenance shutdown at Braskem's cracker in Camacari, Bahia, expected to last 40 days. The cracker is responsible for 55% of the olefins production in the Bahia state and has a nameplate capacity of 700,000 tpa of ethylene and 370,000 tpa of propylene. Braskem's LDPE and HDPE plants, which should stop along with the cracker, have a combined production of 500,000 tpa.
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