16 June 2011 07:59 [Source: ICIS news]
Its PE plants include a 350,000 tonne/year high density PE (HDPE) unit and a 264,000 tonne/year linear low density PE (LLDPE) unit.
The operating rates at both units were initially kept at around 80% capacity after they were restarted, he said.
The rates are currently at 90-95%, he added.
“We have been running the PE units at [these] high rates for two weeks to build up our stock levels, [as another] cracker may be possibly shut after the shutdown of other downstream units from 20 June,” the source said.
Nan Ya Plastics, which is a subsidiary of the
FPC's offers for end-June/early-July shipments were at $1,420/tonne (€1,008/tonne) CFR (cost & freight)
However, these offers were dismissed by most buyers as the prevailing price level was about $100/tonne lower.
“We are not in a hurry to sell and in order to keep some margins [as a naphtha-based maker], we can’t afford to lower our offers further,” he said.
Imported LLDPE film cargoes were discussed at $1,260-1,300/tonne CFR China, while HDPE film was discussed at $1,300-1,340/tonne CFR China on Thursday.
($1 = €0.71)
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