SABIC's Gelsenkirchen PP back to normal - source

03 January 2008 17:06  [Source: ICIS news]

LONDON (ICIS news)--SABIC's polypropylene (PP) production at Gelsenkirchen, Germany, was now running normally after disruption which led to both lines going down for two weeks, a company source said on Thursday.

 

The smaller plant of 130,000 tonnes/year failed in early December, and the second larger, 330,000 tonne/year line went down on Wednesday 19 December.

 

The lines came back separately and were both fully back up by 1 January, the source said.

 

“Our stocks are very low after this shutdown and we are confident of lifting prices this month,” the source commented.

 

SABIC (Saudi Basic Industries Corp) has announced a €75/tonne ($110/tonne) increase for January, along with similar announcements from other European PP producers who aimed to cover the €57/tonne hike in first quarter propylene.

 

Homopolymer injection was trading in the mid-€1,200's/tonne FD (free delivered) NWE (northwest Europe) on a gross basis in December, according to global chemical market intelligence service ICIS pricing.

 

January business was not yet under way.

 

($1 = €0.68)


By: Linda Naylor
+44 20 8652 3214



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