Corrected: China’s Shanghai SECCO shuts HDPE plant for maintenance

11 January 2012 07:56  [Source: ICIS news]

Correction: In the ICIS story headlined "China’s Shanghai SECCO shuts HDPE plant for maintenance" dated 11 January 2012, please read in the first paragraph ... shut its 300,000 tonne/year ... instead of ... shut its 30,000 tonne/year....  A corrected story follows.

SINGAPORE (ICIS)--China’s Shanghai SECCO Petrochemical has shut its 300,000 tonne/year high density polyethylene (HDPE) plant in Shanghai for maintenance, a source close to the company said on Wednesday.

The plant was producing HDPE film before the shutdown on 11 January, the source said.

The company shut the plant because of an equipment failure, the source said, without giving further details on the restart date.

Shanghai SECCO did not comment on the shutdown.

China’s domestic HDPE film prices are expected to rise in the near term because of tight supply, a local distributor said.

Chinese domestic HDPE film prices rose to yuan (CNY) 10,600-11,050/tonne ($1,680-1,751/tonne) EXWH (ex-warehouse) on 11 January from CNY10,550-11,000/tonne EXWH on 4 January, according to Chemease, an ICIS service in China

($1 = CNY6.31)

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By: Amy Yu

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