More Saudi producers reduce output after Aramco attacks
Saudi Basic Industries Corporation (SABIC) announced a shortage in the supply of some feedstocks at varying rates and an approximate average of 49% to some of its subsidiaries in the Kingdom of Saudi Arabia.
Sadara Basic Services Company also announced a shortage in the supply of some feedstocks to its parent company Sadara Chemicals Company (Sadara) at varying rates and an approximate average of 16%. The company reportedly has a shortage of 40% at its 75,000 tons/year HDPE plant. The company also operates a 350,000 tons/year LDPE and 750,000 tons/year LLDPE plant.
Yanbu National Petrochemical Company (Yansab) faced a shortage in the supply of some feedstocks at varying rates estimated at around 30% while crucial developments will be shared subsequently. The company is currently evaluating the final effects to determine the financial impact. The company operates HDPE and PP plants each with 400,000 tons/year capacity as well as a 500,000 tons/year LLDPE plant.
Earlier today, Advanced Petrochemical Company (APC), Tasnee and Saudi Kayan Petrochemical have declared cutting their operating rates blaming feedstock shortages.
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