India’s Haldia to shut cracker and PE, PP units on 20 July

15 July 2011 09:29  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Haldia Petrochemicals Ltd (HPL) will shut its cracker and polymer facilities at Haldia in West Bengal on 20 July for a two-week long turnaround, a company source said on Friday.

HPL had previously announced its plans for the shutdowns, which supports its higher list prices on account of the company's tightening supply.

On 12 July, HPL raised its prices by Indian rupee (Rs) 2/kg (Rs2,000/tonne, $45/tonne) for high density polyethylene film and polypropylene (PP). Its price for linear low density PE was increased by Rs3/kg.

The nameplate capacity of the naphtha cracker is 670,000 tonnes/year, while the nameplate capacities of the PE and PP facilities are 700,000 tonnes/year and 340,000 tonnes/year respectively, the source said.

“Polymer prices will stay firm at least in August, but not just because of our turnaround. In other parts of Asia, a few crackers and polymer plants have been shut or there are plans for them to be shut soon,” he added.

($1 = Rs44.45)

Please visit the complete ICIS plants and projects database

By: Ong Sheau Ling
+65 6780 4359

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