12 November 2009 04:50 [Source: ICIS news]
SINGAPORE (ICIS news)--Yanshan Petrochemical’s 200,000 tonne/year low density polyethylene (LDPE) plant in Beijing, China had an outage late Wednesday due to technical issues but has resumed production on Thursday morning, a company source said.
“Production loss was less than 100 tonnes,” the source said.
The company is a subsidiary of China's petrochemical giant Sinopec.
News of the plant outage further boosted buying interest for LDPE coating and film grades as supply of these had been tight in recent weeks, local traders said.
Yanshan Petrochemical’s LDPE coating grade was discussed at around yuan (CNY) 14,000/tonne ($2,050/tonne) ex-warehouse, the local traders said.
Middle East and Asian coating grade was offered at $1,450-1,480/tonne (€972-992/tonne) CFR (cost and freight) ?xml:namespace>
($1 = CNY6.83 / $1 = €0.67)
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