10 July 2013 08:24 [Source: ICIS news]
SINGAPORE (ICIS)--Indonesia-based PT Lotte Chemical Titan has delayed delivery of linear low density polyethylene (LLDPE) in the domestic market as its plant at Merak is currently shut because of technical issues, industry sources said on Wednesday.
Its 200,000 tonne/year LLDPE plant was taken off line on 8 July, the source said.
“The LLDPE plant will be shut for at least two weeks,” a source close to the company said.
Some local plastics end-users holding low LLDPE inventory went on a buying spree in response to Titan’s plant outage, local distributors said.
Local plastics processors typically maintain low stocks in the run-up to the week-long Eid-ul-Fitr holiday from 8 August, the distributors said.
PT Lotte Chemical Titan also has two high density polyethylene (HDPE) plants in Merak that each has a 125,000 tonne/year capacity. These plants were not affected by the production issues at the LLDPE unit, the source close to the company said.
The company was not immediately available for comment.
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