29 August 2013 15:53 [Source: ICIS news]
LONDON (ICIS)--Poland's Polski Koncern Naftowy Orlen SA (PKN) is scheduled to shut down for maintenance on ethylene oxide (EO) and ethylene glycol (EG) in September, a company source said on Thursday.
The shutdown is scheduled to start on 1 September and should last 21 days.
It coincides with one at BASF's Ludwigshafen plant in Germany, and another shutdown at Sasol in Marl, Germany. Clariant's units in Gendorf are due to go down for maintenance on 21 September to early October, while INEOS Oxide's site in Lavera, France, should go down for three weeks in October.
"There is really strong demand for glycol. It is normal because of the shutdown in Poland, but in [the rest of Europe] it is also strong. I expect a price increase in September MEG [monoethylene glycol]," the source added.
An August MEG contract price was confirmed as having settled up by €43/tonne ($57/tonne) compared with July.
The EO price follows developments in upstream ethylene, which increased by €40/tonne from July to August.
($1 = €0.75)
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