SABIC incapable of meeting polymer orders of APAC and Middle Eastern customers

23-Sep-19

Saudi Arabia's state-owned producer Sabic informed customers in Asia-Pacific and Middle East last week, of its inability to meet existing PE and PP orders for September because of a feedstock shortage, as reported by Argus Media. 

Sabic on 15 September said petrochemical feedstock supplies will be curbed for its subsidiaries in the aftermath of attacks on two key oil installations in Saudi Arabia. The weekend attacks at the Abqaiq plant, the world's largest crude processing facility, and the Khurais oil field infrastructure forced state-owned Saudi Aramco to shut in 5.7mln b/d of crude output. 

Customers in Asia are now weighing their options to meet their October requirements and making various enquiries to PE and PP producers in southeast Asia, South Korea, India and the US.

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