08 September 2010 09:37 [Source: ICIS news]
SINGAPORE (ICIS)--Thai Polyethylene plans to shut its 100,000 tonne/year low density polyethylene (LDPE) plant at Mab Ta Phut in Thailand for a week from early October for maintenance, a source close to the company said on Wednesday.
Thai Polyethylene, a wholly-owned subsidiary of Thailand’s largest conglomerate Siam Cement Group, was not immediately available for comment.
The planned shutdown would further tighten local LDPE supply as the only other existing LDPE plant in Thailand, operated by local producer TPI Polene, had been producing mainly ethylene vinyl acetate (EVA), local traders said.
TPI Polene’s 150,000 tonne/year LDPE/EVA swing plant at Mab Ta Phut had been producing EVA because it could fetch higher prices, the traders said.
A new 300,000 tonne/year LDPE plant at Mab Ta Phut operated by local major PTT Chemical was still not ready to supply to the market, they said.
PTT Chemical’s new LDPE plant was expected to start trial production in mid-September, they added.
Film grade LDPE was assessed at $1,320-1,400/tonne (€1,043-1106/tonne) CFR (cost and freight) China, while EVA with 14-20% vinyl acetate content was at $1,810-1,850/tonne CFR China last week, based on ICIS data.
($1 = €0.79)
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