27 August 2010 12:42 [Source: ICIS news]
“LDPE [low density PE] is down already, but LLDPE [linear low density PE] isn’t down yet,” said the source.
The site was due to be down for two months from the end of August until the end of October.
The site has an LDPE capacity of 180,000 tonnes/year and an LLDPE capacity of 140,000 tonnes/year. The 380,000 tonne/year cracker at the site will also be down.
LDPE and LLDPE were currently stable to firm and demand was good as buyers came back from holidays and replenished empty stocks.
LDPE spot prices were reported in a very wide range, depending on the grade of product, with average levels in the mid-€1,200s/tonne FD (free delivered) NWE (northwest Europe).
Producers were confident of achieving a small increase in September pricing, based on low inventories, good demand and a strong upstream situation.
Both LDPE and LLDPE are used mainly in the manufacture of film for the packaging industry.
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