Polimeri Europa’s Italy LDPE plant goes down unexpectedly

02 October 2009 15:57  [Source: ICIS news]

LONDON (ICIS news)--Polimeri Europa’s 150,000 tonne/year low density polyethylene (LDPE) plant at Gela, Italy, is down for technical reasons and will not be back up until 10 October, a company source said on Friday.

“The plant went down on Monday [28 September]. We are very tight on LDPE availability,” said the source.

LDPE prices were relatively firm at the beginning of October. Demand was turning out to be good after the October monthly ethylene contract had settled down by €15/tonne ($22/tonne) at €860/tonne FD (free delivered) NWE (northwest Europe), and producers generally reported a tight inventory position.

The spot market showed little further erosion after the movement in recent weeks and the lowest prices were still around €950/tonne FD NWE.

Some fractional melt indices were short and prices up to €1,000/tonne FD NWE were reported on a net basis.

Prices were by no means fully settled for October, however, and buyers were expecting bigger decreases by the end of the month.

PE producers in Europe include LyondellBasell, Borealis, SABIC, Total Petrochemicals, Polimeri Europa, Dow Chemical, Repsol, and INEOS Olefins and Polymers.

($1 = €0.69)

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By: Linda Naylor
+44 20 8652 3214



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