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)
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