19 March 2008 16:42 [Source: ICIS news]
LONDON (ICIS news)--Polimeri Europa’s low density polyethylene (LDPE) production at Dunkerque, France is down due to a cracker outage but linear low density PE (LLDPE) is running normally for the time being, a company source said on Wednesday.
“We have had to shut down LDPE production due to a problem at the cracker, and we could have some problems over the continuity of LLDPE problems in the next couple of days,” the source said.
Polimeri has an LDPE capacity of 200,000 tonnes/year, while the LLDPE runs at 140,000 tonnes/year.
The cracker failed on Wednesday morning and while market sources spoke of a fire at the unit, the company did not confirm the reason for its outage. It was expected to restart over the weekend.
LDPE has lost €10/tonne ($16/tonne) at some monthly accounts, trading in the mid-€1,300s/tonne FD NWE on a gross basis.
LLDPE was widely acknowledged to be stronger than LDPE in March, and prices have been stable with monthly accounts settling at €1,280-1,290/tonne FD (free delivered) NWE (northwest Europe) on a gross basis.
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