26 February 2010 04:35 [Source: ICIS news]
The tender was expected to close by the end of the month, they said.
Rabigh had exported ethylene for February and March loading amid low running rates at its 600,000 tonne/year linear low density polyethylene (LLDPE) plant in the area due to technical issues and a butene shortage, traders said. The company runs a 1.3 m tonne/year cracker in Rabigh.
Company officials were not immediately available for comment.
The influx of cargoes from the Middle East had driven ethylene prices below $1,300/tonne (€962/tonne) CFR (cost and freight) southeast (SE) ?xml:namespace>
($1 = €0.74)
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