India's Reliance to restart two PE units soon

30 March 2007 09:39  [Source: ICIS news]

SINGAPORE (ICIS news)--Reliance Industries was expected to restart two polyethylene (PE) units by the middle of next week after brief shutdowns, a source close to the company said on Friday.

Its 140,000 tonne/year polyethylene (PE) unit at Nagothane, Maharashtra state, will restart on Saturday after the unit was shut down a week ago due to technical problems, he added.

At Gandhar, Gujarat state, Reliance’s 160,000 tonne/year PE line will restart by the middle of next week after a turnaround, the source said.

The company had exhausted its PE stocks due to the shutdowns, the source said.

Traders said the shutdowns had aggravated shortages in the country, causing PE prices to stabilise at $1,300-1,310/tonne CFR (cost and freight) India.

The Nagothane unit, operated by subsidiary Indian Petrochemical Corp Ltd (IPCL), produces mainly yarn and injection grades of PE for Reliance to export.

The Gandhar line, which produces film and pipe grades, caters mainly to the domestic market.

By: Prema Viswanathan
+65 6780 4359

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