10 February 2010 16:44 [Source: ICIS news]
LONDON (ICIS news)--Major plastics producer SABIC has declared force majeure (FM) on deliveries of copolymer polypropylene (PP) from its Geleen production facility in the Netherlands, a company source confirmed on Wednesday.
“We should be able to resume normal deliveries in the course of March,” the source said.
SABIC declared FM on Monday.
There had been market reports that the plant had been suffering from technical issues for some time, according to the source.
“We will try as much as we can to mitigate the impact on our customers,” the source said.
Homopolymer injection net price levels were at €1,020-1,080/tonne ($1,397-1,479/tonne) FD (free delivered) NWE (northwest Europe), according to producer sources.
PP producers in Europe include LyondellBasell, Borealis, SABIC, Total Petrochemicals, Dow Chemical, Repsol, INEOS Olefins and Polymers, Polychim and Domo.
($1 = €0.73)
For more on PP visit ICIS chemical intelligence
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