SABIC's Geleen copolymer PP line hit by outage

01 February 2008 16:32  [Source: ICIS news]

LONDON (ICIS news)--One of Saudi Basic Industries Corp’s (SABIC) copolymer polypropylene (PP) lines at Geleen, the Netherlands, was out of action on Friday, as a technical issue had brought the plant down, a company source said.

  

“We expect the unit to be down for at least a week,” the source said.

 

The line which failed was the larger of the two at Geleen. They have a combined capacity of 600,000 tonnes/year but the source declined to comment on the precise output of the line which was down.

 

Meanwhile, PP prices in January had risen by €30/tonne ($45/tonne) and producers aimed to raise them again in February, in a move to recover the rest of the €57/tonne increase in first-quarter propylene.

 

Demand had been lacklustre, however, propylene was long and buyers would not accept new increases without a struggle.

 

Homopolymer injection prices were trading at €1,270-1,280/tonne FD (free delivered) NWE (northwest Europe), according to global chemical market intelligence service ICIS pricing.

 

($1 = €0.67)

 

For more on polypropylene visit ICIS chemical intelligence 

By: Linda Naylor
+44 20 8652 3214

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