Polimeri declares olefins force majeure after France cracker outage

28 October 2011 10:21  [Source: ICIS news]

LONDON (ICIS)--Polimeri Europa has declared force majeure on ethylene and propylene supplies from its cracker at Dunkirk in France after technical problems forced its shutdown on 23 October, a company source said on Friday.

“We are already making repair works, and we expect to be on stream before mid-November,” the Polimeri source said.

The Dunkirk cracker has the capacity to produce 380,000 tonnes/year of ethylene and 210,000 tonnes/year of propylene, according to ICIS plants and projects data.

Market sources do not at this stage expect much impact on the European ethylene and propylene markets on the whole except the alleviation of some of the pressures of the oversupply that has been weighing on the markets since September.

Producers have had to cut back cracker operating rates to approximately 70-80% depending on location because of the decline in demand for the key derivatives polyethylene (PE) and polypropylene (PP).

An initial European November ethylene contract price was agreed on Thursday at €1,095/tonne ($1,564/tonne), down by €20/tonne as a reflection of the soft demand.

($1 = €.70)

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For more on olefins visit ICIS chemical intelligence

By: Nel Weddle
+44 20 8652 3214

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