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PP supply remains tight in North America

February 15/2021

MOSCOW (MRC) -- North American polypropylene (PP) supply has been extremely tight since the summer of 2020, when the industry saw a number of plant outages, followed by Hurricane Laura and Hurricane Delta, which damaged LyondellBasell's massive PP facility in Lake Charles, Louisiana, reported Chemweek with reference to market participants.

Just this week, LyondellBasell lifted its PP force majeure declaration from those events.

Three other US suppliers - Ineos, Formosa, and Total - still have PP force majeure (FM) declarations. In addition to plant issues and scheduled maintenance, the PP industry is facing a monomer shortage that shows no sign of easing in the near term.

Tight monomer supply has played a role in limiting PP operating rates. North American PP capacity utilization was at 90%-91% in November and December as average producer inventory days dropped into the high 20s, according to data from the ACC Plastics Industry Producers' Statistics Group.

As MRC informed earlier, LyondellBasell (Rotterdam, the Netherlands) declared force majeure on PP supplies from France on 2 December, 2020. The reason for the force majeure was not disclosed at the time of press. The FM was lifted in the first week of February.

According to MRC's ScanPlast report, PP shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.


mrcplast.com
Author:Margaret Volkova
Tags:North America, PP, PP random copolymer, sopolimeri propilena, Formosa, Ineos, LyondellBasell, Total Petrochemicals, USA, France.
Category:General News
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