09 January 2014 12:12 [Source: ICIS news]
DUBAI (ICIS)--Qatar Petrochemical Company (Qapco) is expected to shut its 720,000 tonne/year cracker in Qatar in February in order to carry out maintenance, market sources said on Thursday.
The shutdown is expected to last at least two months, they added.
The producer was unavailable for comment.
Market players said the expected shutdown could lead to a shortage of polyethylene (PE) material, and may push prices higher.
“If Qapco is shut, we could see a shortage of cargoes and [a] spike in PE prices,” said a Karachi-based polyolefins trader.
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