Borealis Burghausen PP programme on schedule

09 November 2007 12:13  [Source: ICIS news]

LONDON (ICIS news)--Borealis’s Burghausen polypropylene (PP) production programme is going according to plan, a company source said on Friday

 

Output at the new 330,000 tonne/year unit in Germany would start up at the end of November, while the company’s 240,000 tonne/year plant would be back up next week, the source said.

 

PP prices have slipped in early November but players expected record high oil and naphtha prices to support prices in the coming weeks.

 

PP homopolymer injection spot prices slipped up to €50/tonne ($74/tonne) over the past month, to €1,130/tonne FD (free delivered) NWE (northwest Europe), while regular monthly business was still conducted well above €1,200/tonne, according to global chemical market intelligence service ICIS pricing.

 

These decreases followed a spate of price hikes which began in January 2007.

 

PP producers in Europe include Basell, INEOS Polyolefins, Total Petrochemicals, Dow, Saudi Basic Industries Corp (SABIC) and Repsol.

 

($1 = €0.68)

 

By: Linda Naylor
+44 20 8652 3214

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