27 July 2011 10:40 [Source: ICIS news]
The company was heard to have shut the facility from 12 July to 2 August, a source said.
The company official could not be reached for comment.
However, other market players in Asia said they are expecting the shutdown to last longer as cargoes will only be available for sale after 5 September in
“There are fewer allocations in
In addition, offers to
Qatofin managed to sell limited volumes of LLDPE film material on 27 July at $1,400/tonne (€980/tonne) CFR (cost & freight) Mumbai.
Qatofin is a joint venture between France’s Total Petrochemicals (36%), and state-owned firms Qatar Petrochemical Co (QAPCO) (63%) and Qatar Petroleum (QP) (1%).
($1 = €0.70)
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