12 November 2010 11:43 [Source: ICIS news]
LONDON (ICIS)--INEOS’s 200,000 tonne/year low density polyethylene (LDPE) line at Cologne in German will be back on stream on Monday after an unplanned outage earlier in November, said a company source on Friday.
No exact date had been divulged as to when the line failed, but the outage was thought to have lasted for around two weeks. The company produces 400,000 tonnes/year LDPE and 230,000 tonnes/year of linear low density PE (LLDPE) at its Cologne site.
The LDPE market was tight in November and prices were firm, with some sporadic increases being passed on to converters.
Spot prices were reported in a wide range, at €1,250-1,300/tonne ($1,712-1,781/tonne) FD (free delivered) NWE (northwest Europe) on a net basis.
French strikes in October and some unplanned and planned production outages left the market tight. Demand for LDPE has also been better than expected.
($1 = €0.73)
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