03 March 2010 11:46 [Source: ICIS news]
LONDON (ICIS news)--Nigerian polyolefins producer Eleme Petrochemical's Port Harcourt site is off-stream due to planned maintenance, a company source said Wednesday.
The facility, with a nameplate capacity of 240,000 tonnes/year of linear low density polyethylene (LLDPE) and high density PE (HDPE) and 95,000 tonnes/year of polypropylene (PE), according to company information, was taken off-stream on 27 February and was scheduled to restart on 15 March.
“We had planned inventory to feed [the] domestic market,” the source said, adding the maintenance was going “smooth as per plan”.
For the main part, players felt ongoing hesitant demand continued to offset limited availability, although one or two traders expressed concern that the absence of product could lead to shortages in the region.
“There is still enough material to meet demand,” a Europe-based trader offering into the region observed. “Sales are quite steady, but most [buyers] are still holding off because no one knows what ?xml:namespace>
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