28 January 2010 21:28 [Source: ICIS news]
A company spokesperson declined to comment.
According to sources, the declaration was made late last week, and the plant has already resumed normal operations.
The expected duration of the FM and the capacity of the affected units was not known.
PP buyers and sellers said the market was tight, especially for copolymer grades.
Impact copolymer typically commands a 2 cent/lb ($44/tonne, €31/tonne) premium over injection and raffia homopolymer in the US, but spot material is now 3-4 cents/lb higher in some situations, a seller said.
January block copolymer prices for small-volume domestic buyers were 71.5-73.5 cents/lb DEL (delivered), according to data from global chemical market intelligence service ICIS pricing.
Major US PP producers include INEOS, LyondellBasell, Dow Chemical, Phillips Sumika, Sunoco, Pinnacle, Formosa, Total, ConocoPhillips, ExxonMobil and Flint Hills Resources.
($1 = €0.71)
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