SABIC brings Geleen, Netherlands, PP back on line

14 February 2008 12:18  [Source: ICIS news]

LONDON (ICIS news)--Saudi Basic Industries Corp (SABIC) has brought its copolymer polypropylene (PP) line at Geleen, the Netherlands, back on stream after an outage which lasted just over a week, a company source said on Thursday.

Production failed on 31 January and came back up on 9 February.

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

February PP prices were largely flat after increasing €30/tonne ($43/tonne) in January.

Producers were still aiming to increase prices in February but buyers reported comfortable stock levels and offers of a rollover from some selling sources.

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.

PP producers in Europe include Borealis, LyondellBasell, INEOS Polyolefins, Total Petrochemicals and Repsol.

($1 = €0.69)

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By: Linda Naylor
+44 20 8652 3214

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