25 August 2009 13:32 [Source: ICIS news]
LONDON (ICIS news)--Egypt’s Sidi Kerir Petrochemicals Co (Sidpec) has restarted its high density polyethylene (HDPE) blow-moulding production line but will not begin commercial production until the end of the month due to difficulties with the restart, a source close to the company said on Tuesday.
“Following last week’s failed restart, the unit is now back up but will not return to full capacity [and commercial production] until the end of the month,” the source said.
The production line at the 150,000 tonne/year facility at Ameriya, ?xml:namespace>
Production of HDPE injection and film was running successfully, the source added.
HDPE availability continued to be short in
Demand and prices for HDPE during the two weeks before Ramadan were high as availability then was also short, according to one source.
HDPE prices in northern Africa are currently assessed at $1,250-1,300/tonne CFR (€875-910/tonne) (cost and freight).
Egyptian sellers said that they had sold material as high as $2,000 CFR
($1 = €0.70)
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