LME Plastics: Qingdao to start up PP plant

06 May 2008 11:34  [Source: ICIS news]

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

 

Sinopec subsidiary Qingdao Refining & Chemical Company will start up a new polypropylene (PP) plant on 28 May.

 

PP production at LyondellBasell’s plant in Morris, Illinois, will cease in the fourth quarter of 2008 as part of a strategy to consolidate production at facilities with the most advanced manufacturing technology.

 

South Korea’s Hanwha Chemical has again shut down its 120,000 tonne/year No 2 low density polyethylene (LDPE) unit in Yeochun due to a power outage.

 

Daelim Industrial may restart its 140,000 tonne/year No 3 high density PE (HDPE) plant, also in Yeochun, by Friday after shutting it on 3 May due to a sudden disruption in its ethylene feedstock supply.

 

LME Plastics: prices

 

Date:	2 May
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,510	1,510	1,570	1,585
Cash (S)	1,530	1,530	1,590	1,600
May (B)	1,510	1,510	1,570	1,585
May (S)	1,530	1,530	1,590	1,600
June (B)	1,510	1,510	1,570	1,585
June (S)	1,530	1,530	1,590	1,600
	LLDPE
	Global	Asia	Europe	North America
Cash (B)	1,480	1,610	1,610	1,480
Cash (S)	1,500	1,630	1,630	1,500
May (B)	1,480	1,610	1,610	1,480
May (S)	1,500	1,630	1,630	1,500
June (B)	1,480	1,610	1,610	1,480
June (S)	1,500	1,630	1,630	1,500

 

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.

 

($1 = €0.65)

 

By: Staff Reporter
+44 20 8652 3214

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