JG Summit seeks cargo as cracker restarts - traders


Posted at Aug 19 2014 09:54 AM | Updated as of Aug 19 2014 05:54 PM

SINGAPORE - The Philippines' JG Summit Petrochemical Corp is seeking 30,000 tonnes of second-half September naphtha to feed its cracker, which is in the midst of ramping up runs after a near two-month shutdown, traders familiar with the matter said on Monday.

The 320,000 tonnes per year (tpy) naphtha cracker, the only one in the Philippines, was commissioned in June after a few rounds of delays.

But mechanical issues prompted the petrochemical maker to shut the unit in the same month of June.

The unit restarted over the weekend of Aug. 16-17, the traders said, and will need more naphtha feedstock.

It last bought a naphtha cargo for early July arrival at Batangas.

The new purchase tender will close on Aug. 22, with offers to stay valid until Aug. 25.