China’s Maoming Petrochemical delays restart of LLDPE unit

02 February 2012 06:43  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Maoming Petrochemical will delay the restart of its 200,000 tonne/year linear low density polyethylene (LLDPE) unit at Maoming in Guangdong province by nearly a month, a company source said on Thursday.

The company shut down the unit from 31 January to 2 February because of technical issues, according to the source.

“We continue to keep the unit shut in view of increasing feedstock ethylene prices,” the source said, adding that the unit will remain off line for about a month.

Current LLDPE prices are at yuan (CNY) 9,700-9,850/tonne ($1,537-1,561/tonne) compared with CNY11,100-11,500/tonne last year, according to Chemease, an ICIS service in China.

The company’s upstream 380,000 tonne/year naphtha cracker, along with a 120,000 tonne/year low-density polyethylene (LDPE) plant and a 170,000 tonne/year polypropylene (PP) plant, will also be shut for around 10-day maintenance in February, according to the source.

The LLDPE supply in south China market will be tight because of the shutdown, a market player said.

($1 = CNY6.31)

By: Rain Dong

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