Dow confirms mechanical failure at Terneuzen polyols plant

15 January 2014 14:48  [Source: ICIS news]

LONDON (ICIS)--The previously reported production problem at Dow’s flexible polyols plant in Terneuzen, Netherlands, was caused by mechanical failure, a company source confirmed on Wednesday.

“We are working to resolve [this] soon,” a company source said, citing one week as a tentative timeframe. “This issue should have [an] impact [on] polyols availability in Jan and Feb.”

A buyer said, although it managed to obtain product from an alternative source, it expects availability to be noticeably reduced.

“[The market is now] balanced to tight for standard grades,” the buyer said.  

Despite this, January prices are largely expected to remain steady from December as sellers look to the first full working month of the year, February, to implement planned increases.  

The December monthly contract price range for flexible polyols was €1,760-1,830/tonne FD (free delivered) NWE (northwest Europe).

Additional reporting by Heidi Finch

By: Stefan Naidu
+44 208 652 3214

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