17 August 2011 04:31 [Source: ICIS news]
SINGAPORE (ICIS)--Iran’s Amir Kabir Petrochemical Co (AKPC) will delay the restart of its 300,000 tonne/year low density polyethylene (LDPE) plant at Bandar Imam to the end of August, a company source said on Wednesday.
The plant was shut down in the middle of July and was originally scheduled to restart in the second week of August. Repairs are still ongoing and a tentative restart date will be in two weeks’ time, the source said.
A lack of Iranian LDPE has supported prices of the material in India, which obtains nearly half of its imports from Iran. However, the overall sentiment for the PE price outlook in India remains uncertain.
On 17 August, Middle East material was offered at $1,640/tonne (€1,132/tonne) CFR (cost & freight) Mumbai, while southeast Asian products were sold by traders at $1,620/tonne CFR Mumbai for end-August shipment.
($1 = €0.69)
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