20 April 2007 11:45 [Source: ICIS news]
LONDON (ICIS news)--Basell’s Tarragona, Spain, polypropylene (PP) output was still reduced this week as production issues at the propane dehydrogenation (PDH) unit at the same site continued, a company source said on Friday.
Details concerning the PDH unit, operated by BASF Sonatrach, could not be confirmed at source but the unit was widely thought to be out of action until early May.
This was impacting on Basell’s PP units. Output was reduced and the smaller 80,000-90,000 tonne/year line was down this week due to a lack of propylene. The large line, with a capacity of around 270,000 tonnes/year, was at reduced rates.
PP was becoming tighter in Europe as production issues hit the market and spot propylene prices moved above contract.
Producers were considering hikes for May after being able to cover most of the second quarter's €30/tonne ($41/tonne) increase in propylene in April.
Homopolymer injection prices were close to €1,200/tonne FD (free delivered) NWE (northwest Europe) on a gross basis mid-April, according to global chemical market intelligence service ICIS pricing.
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