Polimeri Europa delays start-up of Dunkirk PE site

03 November 2010 11:44  [Source: ICIS news]

LONDON (ICIS)--Italian producer Polimeri Europa has delayed the start-up of its polyethylene (PE) site at Dunkirk in France following a two-month planned maintenance outage that began at the end of August, a company source said on Wednesday.

“We expect linear low density [PE] (LLDPE) to come back over the weekend or early next week and this will be followed by low density [PE] (LDPE),” the source said. He would not comment on the reason for the delay.

Producers are targeting increases for all PE grades in November after the settlement of the November ethylene monomer contract at an increase of €28/tonne ($39/tonne).

Buying sources agreed that LDPE prices could increase due to the tightness in the market, but questioned whether increases could be implemented on other grades, particularly high density PE (HDPE), where oversupply led to a lacklustre market.

LDPE spot prices were trading in the mid-€1,200s/tonne FD (free delivered) NWE (northwest Europe) on a net basis. LLDPE commodity grade was well below this, at €1,110-1,150/tonne FD NWE.

($1 = €0.71)

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By: Linda Naylor
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