LME Plastics: Jam plans cracker start-up in March

11 January 2008 09:57  [Source: ICIS news]

LONDON (ICIS news)--Global and regional plastics futures prices from the London Metal Exchange are given in the table below.  

Iran's Jam Petrochemical expects to achieve on-spec production at its 1.32m tonne/year cracker at Assaluyeh by the end of March and start up its derivative units by July. The complex will include a 300,000 tonne/year polypropylene (PP) plant and a 300,000 tonne/year HDPE/linear low density PE (LLDPE) swing plant.

 

Meanwhile, Petlin’s 255,000 tonne/year low density polyethylene (LDPE) plant at Kerteh, eastern Malaysia, is still shut and the exact restart date is uncertain, sources close to the company said on Friday.

 

 

LME Plastics: prices 

Date:	10 Jan
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,390	1,410	1,665	1,490
Cash (S)	1,410	1,415	1,690	1,500
Jan (B)	1,390	1,410	1,670	1,490
Jan (S)	1,410	1,415	1,700	1,500
Feb (B)	1,390	1,410	1,685	1,490
Feb (S)	1,410	1,415	1,715	1,500
	LLDPE
	Global	Asia	Europe	North America
Cash (B)	1,420	1,510	1,550	1,420
Cash (S)	1,430	1,530	1,570	1,430
Jan (B)	1,420	1,510	1,550	1,420
Jan (S)	1,430	1,530	1,570	1,430
Feb (B)	1,420	1,510	1,550	1,420
Feb (S)	1,430	1,530	1,570	1,430

B = buyers

S = sellers

 

Further details and comparisons with price data published earlier are available directly from the Exchange. The LME site requires free user log-in.

By: Staff Reporter
+44 20 8652 3214

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