France’s Total to close 70,000 tonne/year HDPE line at Antwerp
Linda Naylor
28-May-2013
LONDON (ICIS)–The capacity of Total Petrochemicals’ high
density polyethylene (HDPE) line to close in 2014 at Antwerp,
Belgium, is 70,000 tonnes/year, a company source confirmed on
Tuesday.
Total announced the closure of the polyethylene (PE) line –
the company’s “smallest and oldest” at the site – last week
as part of a modernisation programme.
Two weeks ago
Netherlands-headquartered LyondellBasell said it
plans to shut down a 100,000 tonne/year HDPE unit in
Wesseling, Germany in the third quarter of 2013, while
US-headquartered Dow Chemical closed its 190,000
tonne/year HDPE plant at Tessenderlo,
Belgium at the end of 2012.
Buyers have not shown much concern over the closure of these
plants, as they expect ample material from the Middle East to
cover their needs. PE production in Europe is estimated to be
cut by as much as 30% at present to accommodate poor
demand.
PE spot prices have surged during the second half of May as
buyers have returned to the market to buying at what they
perceive to be the bottom of the current price cycle.
HDPE prices have surged to €1,300/tonne
($1,688/tonne) FD (free delivered) NWE (northwest
Europe), from a low in the mid-€1,100s/tonne FD NWE in early
May.
HDPE is used widely in the manufacture of household goods,
packaging and film production.
($1 = €0.77)
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