Qatar’s Qatofin shuts Mesaieed LLDPE plant on cracker issues

27 July 2011 10:40  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar’s Qatofin has shut its 450,000 tonne/year linear low density polyethylene (LLDPE) plant in Mesaieed because of technical issues at the producer’s upstream cracker, industry sources said on Wednesday.

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 India.

“There are fewer allocations in India as a result of this outage,” a Mumbai-based trader said.

In addition, offers to China and Indonesia have been withdrawn as a result of the shutdown, market players in Asia said.

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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By: Ong Sheau Ling
+65 6780 4359

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