11 August 2011 10:11 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Haldia Petrochemicals Ltd (HPL) restarted its 670,000 tonne/year naphtha cracker in West Bengal on 11 August and will restart its downstream polymer plants in the next two to three days, a company source said on Thursday.
The cracker was restarted on schedule as the maintenance work at the facility has been completed, the source said.
The producer’s 700,000 tonne/year high density polyethylene (HDPE)/linear low density PE (LLDPE) swing plant and 340,000 tonne/year polypropylene (PP) plant at the same site was shut together with its upstream cracker on 20 July.
The operating rate at the cracker and the polymer units will be ramped up to 100% by next week, according to the source.
“We do not expect prices to fall, especially [since] crude futures have rebounded and the local market remains tight. There has not been any sales for the past five days, so the converters will be back to restock soon,” he added.
As a result, HPL is planning to roll over its list prices on 15 August.
HPL will start to dispatch fresh PE and PP material by late August, said the source.
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