09 March 2012 07:36 [Source: ICIS news]
The 50,000 tonne/year LDPE plant was initially scheduled to restart on 29 February, but repairs took longer than planned, resulting in the delay in restarting, the source said. The unit was taken off line in the middle of February.
This affected LDPE plant produces general purpose grade, he said.
“The production line for heavy duty grades is running. Because of this longer than unexpected outage, the supply of general purpose grade has tightened,” he added.
RIL raised its list prices for LDPE film late on 7 March to Indian rupee (Rs) 93.50-95.00/kg ($1.86-1.89/tonne)
This is equivalent to an import parity of $1,515/tonne (€1,136/tonne) CFR (cost and freight) Mumbai, the source said.
Offers for LDPE imports were also higher this week at $1,520/tonne CFR Mumbai for Iranian origins, local traders said.
LDPE film prices were at an average of $1,490/tonne CFR Mumbai on 2 March, according to ICIS.
($1 = €0.75 / $1 = Rs50.24)
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