Titan restarts LLDPE plant in Indonesia after outage
27 September 2012 06:10 [Source: ICIS news]
SINGAPORE (ICIS)--PT Titan plans to restart its 200,000 tonne/year linear low density polyethylene (LLDPE) plant at ?xml:namespace>Merak, Indonesia, on Thursday following an unexpected outage, sources close to the company said.
The plant was shut down unexpectedly on 21 September, the sources said.
They decline to comment on what caused the plant outage.
LLDPE supply in Indonesia was tightened as a result of PT Titan’s plant woes but that had not pushed import prices higher, local traders said.
Middle East and southeast Asian producers had raised their offers and selling indications for October shipments by at least $50/tonne (€39/tonne) from September, and the higher offers are deterring buyers, the local traders said.
Middle East and southeast Asian LLDPE were offered at $1,380-1,400/tonne and at $1,470-1,500/tonne CFR (cost and freight) Indonesia for October shipment, local sources said.
($1 = €0.78)By: Chow Bee Lin+65 6780 4359
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