South Korea’s KPIC plans Onsan HDPE plant turnaround in April

04 March 2011 06:49  [Source: ICIS news]

SINGAPORE (ICIS)--Korea Petrochemical Industry Co (KPIC) will shut down its 450,000 tonne/year HDPE facility at Onsan, South Korea, for two to three weeks starting 5 April, a source close to the company said on Friday.

“We would have limited allocation to offer for April due to the turnaround,” he added.

The facility has a total of three lines. Two lines of HDPE black and HDPE natural pipe grade have a combined capacity of 200,000 tonnes/year, while a third HDPE line for film, yarn and injection grade has a capacity of 250,000 tonnes/year, the source said.

"All three lines will be shut down...for an average of two to three weeks," the source added.

Discussions for the pipe grade for April shipment were expected to begin mid March and KPIC was targeting higher offers at $1,650/tonne (€1,188/tonne) CFR Gulf Cooperation Council (GCC) for HDPE Black 100, the source said.

The current prices for HDPE Black 100 were hovering at around $1,570-1,620/tonne CFR GCC while prices for the natural grade HDPE 100 were at around $1,450-1,530/tonne CFR GCC this week, according to ICIS.

Polyethylene prices had been on an uptrend following gains in feedstock ethylene prices and the rally in global crude oil prices. 

($1 = €0.72)

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By: Saru Thukral
+44 208652 3214

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