05 March 2010 10:55 [Source: ICIS news]
LONDON (ICIS news)--INEOS Olefins & Polymers Europe has restarted its 320,000 tonne/year C6-grade linear low density polyethylene (LLDPE) plant at Grangemouth, UK, but force majeure restrictions will remain in place for some time, a company source confirmed on Friday.
“We will be starting up fairly gingerly,” said the source.
INEOS restarted the plant on 4 March, the source said.
An “agglomeration”, or build-up of product in the reactor, brought the unit to a halt during the Christmas holiday period. INEOS declared force majeure on supplies from the plant on 8 January.
PE prices in Europe have been rising in March after two months of steady increases amounting to €150-180/tonne ($203-243/tonne).
Sellers were looking for price hikes of €50-80/tonne in March, and they were more or less successful, depending on the PE grade they were selling.
Low density PE (LDPE) was the strongest sector, with high density PE (HDPE) beginning to suffer from increased imports in ?xml:namespace>
Prices of C6-grade LLDPE at the end of February were around €1,220-1,250/tonne FD (free delivered) NWE (northwest
PE producers in
($1 = €0.74)
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