14 October 2011 11:09 [Source: ICIS news]
SINGAPORE (ICIS)--Major European polyethylene (PE) producer LyondellBasell has restarted its Aubette facility in France following an unplanned outage, a company source said on Friday.
“The unplanned shutdown [at Aubette] has been resolved and we are getting back to normal production,” the source said.
Despite the outage, and a number of other facilities running at reduced rates, there is no discernable impact on the supply of LDPE as sellers are able to cover all buyers requirements from stocks.
One LDPE seller said: “Demand is very flat and crackers are running around 80% of capacity only. Even at this level, there is still an oversupply in the market. It's very disappointing and people are sitting on their stocks.”
($1 = €0.72)
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