03 January 2014 10:27 [Source: ICIS news]
LONDON (ICIS)--Total Petrochemicals has declared force majeure on polypropylene (PP) deliveries from its 230,000 tonne/year plant in Gonfreville, France, according to several buyers on Friday.
There was no comment from Total, but these latest legal restrictions have followed closely on the heels of a force majeure declaration on high density polyethylene (HDPE) from the same site on 30 December.
It is thought that both issues are down to problems at the cracker at the site.
The restrictions come at a time when upstream costs have increased slightly for January. The ethylene contract rose by €15/tonne ($21/tonne), and the January propylene contract increased by €20/tonne from December.
($1 = €0.73)
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