SABIC runs Geleen polypropylene line at reduced rates

06 January 2011 11:04  [Source: ICIS news]

LONDON (ICIS)--SABIC is running one of its two polypropylene (PP) copolymer lines at Geleen, the Netherlands, at reduced rates following technical problems at the end of last month that affected output, a company source said on Thursday.

“We will only be able to resume normal sales volumes by February,” said the SABIC source.

The second line was running normally, the source added. Both lines have a combined capacity of 550,000 tonnes/year.

PP producers were aiming to recover the €110/tonne ($145/tonne) increase in this month’s propylene contract price. While early indications showed some success, it was too early to tell where polypropylene prices in January would settle.

Homopolymer injection net prices have been discussed at €1,270-1,300/tonne FD (free delivered) NWE (northwest Europe). Business was slow to start in January, as many regions in Europe were still on holiday.

PP is a versatile plastic that is used in packaging, household goods and automotive applications.
($1 = €0.76)

For more on polypropylene visit ICIS chemical intelligence
For more on SABIC visit ICIS company intelligence
To discuss issues facing the chemical industry visit ICIS connect

By: Linda Naylor
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index