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Chilean Petroquim to restart operations of PP plant

August 02/2011

(Platts) -- Chilean producer Petroquim is expected to restart operations of its 100 KTa polypropylene (PP) plant in Concepcion, Chile, by August 3, after a maintenance shutdown that started on July 25, a company source told Platts Monday.


The impact of the shutdown was 60-70% less volumes of polypropylene to offer to the export market on July and August.


August Chilean offers to Peru and Ecuador went down USD 50-70/mt and they were heard around USD 1.850/mt CFR for homo and at USD 1.950/mt CFR for co-polymer.


For the Chilean domestic market, Petroquim dropped offer prices by USD 70/mt for August reaching levels of USD 1.900/mt CIF homo raffia, injection and film and at USD 2.000/mt CFR for random.


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