INEOS Grangemouth UK C6 LLDPE due back up 2-3 March

26 February 2010 17:18  [Source: ICIS news]

LONDON (ICIS news)--INEOS’s 320,000 tonne/year C6 linear low density polyethylene (LLDPE) plant at Grangemouth, UK, will be back up on 2-3 March, slightly later than was initially expected, a company source said on Friday.

An “agglomeration”, or build up of product in the reactor, brought the unit to a halt during the Christmas holiday period, and INEOS declared force majeure on supplies from the plant on 8 January.

Force majeure was still in place on Friday.

PE producers were looking to increase PE prices by €50-80/tonne ($68-108/tonne), depending on the grade. Prices had risen by up to €100/tonne in February.

On Friday C6 LLDPE was trading around €1,220-1,250/tonne FD (free delivered) NWE (northwest Europe) on a net basis.

($1 = €0.74)

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By: Linda Naylor
+44 20 8652 3214



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