SE Asian players report limited availability for PS
Singapore’s TPSC is planning to shut its 95,000 tons/year PS plant on April 12 for a planned maintenance. The plant is expected to be restarted on April 29. In Thailand, SCG-Dow is also planning to shut its PS plant for turnaround within the first quarter of 2015. The plant is able to produce 200,000 tons/year of PS. Meanwhile, in Hong Kong, Hong Kong Petrochemical shut its 140,000 tons/year PS plant at the beginning of February for a turnaround. The company was scheduled to resume operations by late February.
A source from a Southeast Asian producer stated, “We will be conducting a shutdown next month and had not been planning to offer any materials this week. However, we received a good number of inquiries from customers and therefore decided to conclude a few deals. We now wish that we had scheduled our maintenance for a different period as buying interest is quite active now.”
A converter confirmed the shortage of materials in the market, commenting, “One of our suppliers gave us only 300 tons even though we had initially agreed to 500 tons while another supplier claimed that they are unable to supply any material for now.”
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