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)

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By: Linda Naylor
+44 20 8652 3214



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