09 November 2012 09:59 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Maoming Petrochemical has ramped up the operating rate at its 200,000 tonne/year high density polyethylene (HDPE)/linear low density PE (LLDPE) swing plant in south China to 95% capacity on 9 November, a company source said on Friday.
The operating rate was lowered earlier because of a problem with the plant’s extrusion and pelleting unit, which has been resolved, said the source.
Tightened supply of LLDPE in the south has led to a rise in LLDPE prices, according to a local market player.
The transaction prices of LLDPE in the south were at yuan (CNY) 10,800-10,950/tonne ($1,728-1,752/tonne) on 9 November, up by CNY200/tonne compared with the previous week, according to Chemease, an ICIS service in ?xml:namespace>
($1 = CNY6.25)
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