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Markets :: Plastics :: Polypropylene
LyondellBasell Suspends Spot Sales of Polypropylene
11:08 AM MDT | June 23, 2008 | Rebecca Coons
LyondellBasell says it has suspended spot sales of polypropylene (PP) and other non-contractual sales due to “severe” production difficulties at its Bayport, TX and Lake Charles, LA sites. LyondellBasell is “hopeful” that a formal force majeure declaration can be avoided and says “other steps” will be taken to maximize existing inventory to supply contract customers. The “significant” interruption in PP production is due to a combination of unavoidable mechanical breakdowns and supply disruptions, LyondellBasell...
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