PetroRabigh plans to offer a nearly full monthly allocation of PP and PE in February

21-Jan-10

PetroRabigh is planning to offer a nearly full monthly allocation of PP and PE in February as reported by a trader in Southeast Asia in Chemorbis. The Saudi petrochem maker has been able to offer only very limited quantities in January owing to some plant problems. The company claims that they are currently running their plants at 70-80% of capacity due to difficulties securing adequate feedstock supplies, adding that they expect to be able to maintain 100% operating rates throughout the month of February. Given their recovering production rates, the producer is accordingly planning to offer a larger monthly allocation of both PP and PE to China and Southeast Asia for the coming month. The trader said that the company is planning to offer around 7,250 tons of LLDPE film, 9,200 tons of HDPE film and 9,750 tons of homo-PP injection to Asian markets for February, with additional quantities of near-to-prime cargoes also said to be available for the coming month.