Mideast PP supply to remain tight as producers mull price hikes: Report

14/05/2015 Argaam

Polypropylene (PP) supply will remain tight in the Middle East this month, as producers in the region consider price hikes, according to industry experts interviewed by chemical news provider ICIS.

 

On the other hand, demand for PP resins is projected to pick up ahead of Ramadan, which begins in mid-June.

 

They added that availability in June should eventually improve as Saudi producers are scheduled to resume production.

 

Al Waha Petrochemical Co. recently restarted operations at its PP plant in Jubail, which has a production capacity of 450,000 metric tons per year.

 

The Saudi firm is 75 percent-owned by Sahara Petrochemicals Co.

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