LyondellBasell lifts force majeure on Carrington PP

07 April 2010 15:24  [Source: ICIS news]

LONDON (ICIS news)--Major plastics producer LyondellBasell has lifted force majeure restrictions from its 210,000 tonne/year polypropylene (PP) unit at Carrington in the UK, a company source confirmed on Wednesday.

The plant suffered a 12-day delay to its restart in the middle of March after a planned maintenance outage and was forced to run at reduced rates due to propylene shortages.

Polypropylene (PP) availability in Europe has been very tight and several converters feared they would have to cut production due to difficulty in getting hold of some PP grades in April.

Homopolymer injection grades were moving up by around €100/tonne ($133/tonne), leaving net prices around the €1,200/tonne FD (free delivered) NWE (northwest Europe) level.

PP producers in Europe include LyondellBasell, Borealis, SABIC, Total Petrochemicals, Dow Chemical, Repsol, INEOS Olefins & Polymers, Polychim and Domo.

 

$1=€0.75

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By: Linda Naylor
+44 20 8652 3214

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