04 May 2012 13:38 [Source: ICIS news]
LONDON (ICIS)--Borealis’s low density polyethylene (LDPE) plant at Stenungsund in Sweden is said to still be experiencing technical problems and is again out of action, buyers said on Friday.
There was no confirmation from Borealis, but buyers said they had been told the 350,000 tonne/year plant should be back up by next week. It has been having technical problems for some weeks.
The LDPE sector has been tight during most of 2012, but availability is now easing, and commodity LDPE prices have come under downward pressure in May following the €20/tonne ($26/tonne) decrease in the May ethylene contract price.
Speciality LDPE grades are said to be offered at a rollover from April so far.
LDPE spot prices have been reported in a wide range this week, from €1,340–1,410/tonne FD (free delivered) NWE (northwest Europe). LDPE net prices fell to €1,030/tonne FD NWE in December 2011, and rose as high as €1,450/tonne FD NWE in March and early April.
Polyethylene (PE) demand in Germany remains robust in May, but the market in southern Europe is weak.
LDPE is used in the manufacture of film products.
($1 = €0.76)
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