Borealis to restart Sweden HDPE/LLDPE swing plant on 25 January

14 January 2011 14:31  [Source: ICIS news]

LONDON (ICIS)--Borealis shut down its 320,000 tonne/year high density polyethylene (HDPE)/linear low density PE (LLDPE) swing plant at Stenungsund, Sweden, and plans to resume production on 25 January, a company source said on Friday.

Borealis shut down the plant over the New Year holiday because of frost, the source said.

Polyethylene (PE) prices in Europe were increasing by a minimum of €100/tonne ($133/tonne) in January, as producers pushed through price increases in upstream markets.

The upstream January ethylene contract rose by €105/tonne from December to January, settling at €1,110/tonne.

LLDPE C4 net commodity prices were reported in a wide range, at €1,200-1,300/tonne FD (free delivered) NWE (northwest Europe), depending on the source of the product.

Most LLDPE producers in Europe had now moved toward speciality grades of LLDPE in anticipation of new production from plants in the Middle East, which would be producing commodity grades.

HDPE prices were also reported in a wide range, depending on grade. Most prices for European product were reported around €1,200/tonne FD NWE on a net basis.

PE is used extensively in packaging and household applications.

($1 = €0.75)

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By: Linda Naylor
+44 20 8652 3214

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