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.
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.
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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