Indonesia's Chandra Asri to restart PE on Tuesday

02 July 2007 12:29  [Source: ICIS news]

SINGAPORE (ICIS news)--Indonesia’s sole cracker operator Chandra Asri is expected to restart its Merak polyethylene (PE) units on Tuesday after procuring on-spec ethylene feedstock from its cracker at the same site, a company source said on Monday.

 

“We hope to achieve on-spec production at the PE units on Wednesday,” he added.

 

The cracker, which was unexpectedly shut down last week, restarted on Monday.

 

The West Java-based 520,000 tonne/year cracker was shut down on 24 June along with its 100,000 tonne/year high density PE (HDPE) and 200,000 tonne/year HDPE/linear low density PE (LLDPE), after a small blaze occurred at the facility.

 

The outage was expected to intensify the tightness in Asian PE markets, traders said.

 

Prices of PE imports into Indonesia surged by $40/tonne last Friday following the outage, to $1,340-1,360/tonne CFR Indonesia.

 

By: Prema Viswanathan
+65 6780 4359

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