SABIC PP back to normal at Geleen, Gelsenkirchen
15 April 2008 16:08 [Source: ICIS news]
LONDON (ICIS news)--SABIC’s polypropylene (PP) output at Geleen in the Netherlands and Gelsenkirchen in Germany is back to normal after it sorted out some production hiccups, a company source said on Tuesday.
“Both plants restarted over the weekend, but our stock position is low,” the source added.
The 500,000 tonne/year PP production at Gelsenkirchen had been running erratically for a couple of weeks, while its 600,000 tonne/year Geleen was for a further two days after five days of scheduled maintenance last week.
SABIC (Saudi Basic Industries Corp) subsequently announced a €15/tonne ($24/tonne) increase on all new April PP sales, but the market was sceptical as to the success of such a move, in the face of downward pressure from buyers.
Homopolymer injection gross prices have fallen by at least €20/tonne since March, leading to levels around €1,200/tonne FD (free delivered) NWE (northwest
PP producers in
($1 = €0.63)
For more on PP visit ICIS chemical intelligence
By: Linda Naylor
+44 20 8652 3214
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