China’s Shanghai SECCO restarts 300,000 tonne/year HDPE plant

17 January 2012 04:38  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shanghai SECCO Petrochemical has restarted its 300,000 tonne/year high density polyethylene (HDPE) plant at Shanghai after shutting it because of an equipment failure on 11 January, a source close to the company said on Tuesday.

The plant is producing HDPE film after being restarted on 17 January, the source said, without giving details on the exact operating rate at the facility.

The manufacturer did not comment on the restart.

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

Domestic HDPE film in the country was heard offered at yuan (CNY) 10,600-11,000/tonne ($1,677-1,741/tonne) EXWH (ex-warehouse) on 17 January, according to Chemease, an ICIS service in China.

Demand is expected to become weaker because of the Lunar New Year holiday on 22-28 January, market players said.

($1 = CNY6.32)

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By: Amy Yu

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