QAPCO stops LDPE lamination, injection sales till mid Oct – buyers

28 September 2012 07:06  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar Petrochemical Co (QAPCO) has stopped its offers for low density polyethylene (LDPE) lamination/coating and injection grade from this week up till the middle of October to India because of technical issues, its buyers said on Friday.

QAPCO’s 200,000 tonne/year LDPE unit of autoclave process in Mesaieed, Qatar, was not operating at optimum capacity in September due to unspecified mechanical problems, the buyers said.

However, the company’s other 200,000 tonne/year LDPE plant of tubular process was currently running at full tilt, they added.

The company could not be immediately reached for comment.

QAPCO’s new 300,000 tonne/year LDPE-3 plant of tubular process was still in the progress of starting-up.

Indian players expect prices of LDPE lamination to be on an uptrend, given the tighter supply condition amid moderate demand.

On 28 September, selling ideas and offers for LDPE lamination were at $1,520-1,570/tonne (€1,170-1,209/tonne) CFR (cost and freight) Mumbai for October shipments, against buying ideas at $1,470-1,490/tonne CFR Mumbai, industry players said.

($1 = €0.77)

Author: Ong Sheau Ling

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