Polimeri Europa’s Gela LDPE due back up

02 July 2009 11:18  [Source: ICIS news]

LONDON (ICIS news)--Polimeri Europa’s 140,000 tonne/year low density polyethylene (LDPE) line at Gela in Italy is expected to be back on steam by 6 July, a company source said on Thursday.

The line failed on 12 June, but the company’s smaller line at the site, with an annual capacity of 90,000 tonnes, has continued to run normally.

PE availability has become tight after production cutbacks and some technical issues hit the market.

PE producers were targeting increases of €100-150/tonne on all grades for July and some initial success showed acceptance of €100/tonne hikes. Most business was still under discussion, however.

LDPE gross prices were now being talked at around €1,000/tonne FD (free delivered) NWE (northwest Europe) on a gross basis.

($1 = €0.71)

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By: Linda Naylor
+44 20 8652 3214

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