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.
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
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|