13 August 2010 10:45 [Source: ICIS news]
LONDON (ICIS)--Major plastics producer LyondellBasell’s 210,000 tonne/year polypropylene (PP) plant at Carrington in the UK is offline due to unplanned technical issues, with no clear restart date established, a company source said on Friday.
“The plant went down last weekend [7/8 August] but we still don’t have confirmation of when it will resume. We are hoping for the beginning of next week,” said the source.
A couple of new joint venture partnerships in the Middle East had not provided the quantity of material initially planned for Europe, mainly due to a series of production problems.
PP prices slipped in August, following the €38/tonne ($49/tonne) drop in the August propylene contract price, with net homopolymer prices from producers reported in the mid-€1,200s/tonne FD (free delivered) NWE (northwest Europe).
The direction of September propylene was not yet clear, but producers expected a firm PP situation as stocks along the chain were low, and current production issues meant that producers would not be able to replenish stocks ahead of September.
PP is a versatile plastic, used in the packaging, automotive and household sectors.
PP producers in Europe include LyondellBasell, Borealis, SABIC, Total Petrochemicals, Dow Chemical, Repsol, INEOS Olefins and Polymers, Polychim and Domo.
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