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Braskem-Idesa 3Q PE op rates rise on improved ethane supply
HOUSTON November 9, 2017 (PCW) -- The Braskem-Idesa joint venture PE plant in Mexico saw a higher supply of ethane in 3Q 2017, allowing it to operate at 87% of capacity, up 4 percentage points from the prior quarter, Braskem reported today.
PE sales from the complex totaled 236,000 mt, slightly below the prior quarter. However, domestic sales volumes were up 18% to 153,000 mt, filling the gap left by reduced PE imports from the US after Hurricane Harvey.
PE exports fell 25% to 82,357 mt. The mix of export destinations shifted toward US and Central American markets, at the expense of volumes heading to Asia. Asia received 25% of 3Q export volumes, compared with 49% in the prior quarter. -- David Barry