09 December 2010 05:54 [Source: ICIS news]
SINGAPORE (ICIS)--PTT Chemical will restart its new 300,000 tonne/year low density polyethylene (LDPE) plant at Mab Ta Phut, Thailand, on 15 December after it was shut because of technical issues, a source close to the company said on Thursday.
The producer had started commercial production a few weeks before it was shut down in mid-November.
The restart of PTT Chemical’s LDPE plant next week would help to ease the current tight regional supply, Asian traders said.
Global LDPE supply has been tight as many producers have switched to manufacturing ethylene vinyl acetate (EVA), which could fetch higher margins, they added.
EVA of 18% VA content was selling at $2,350–2,430/tonne (€1,763–1,823/tonne) CFR (cost & freight) southeast (SE) Asia in the week ended 3 December, while film-grade LDPE was sold at $1,600–1,670/tonne CFR SE Asia, ICIS data showed.
($1 = €0.75)
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