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Polimeri Europas Gela LDPE restart delayed by 10 days

October 09/2009
LONDON (ICIS news)--A restart at Polimeri Europas 150,000 tonne/year low density polyethylene (LDPE) plant at Gela, Italy, which was shut down on 28 September for technical reasons, has been delayed by 10 days, a company source said on Thursday.

The facility was originally due back up on 10 October but that has now been postponed to 20 October.

We are in a very bad position with LDPE availability, said the source.
LDPE prices lost ?15-20/tonne ($22-29/tonne) early in October as the new monthly ethylene contract fell by ?15/tonne, but the market was now perceived to be firmer due to reduced availability.

LyondellBasell in particular had reported a short LDPE position due to several smaller production issues. Polyethylene (PE) output in general had been cut across Europe to avoid oversupply.

LDPE spot prices were stable in a wide range, trading at ?950-1,000/tonne FD (free delivery) NWE (northwest Europe).

Other PE grades were not as strong as LDPE as the threat of imports increased and some selling sources were positioning themselves for the quarter ahead of what many feared would be a difficult 2010.

PE producers in Europe include LyondellBasell, Borealis, SABIC, Total Petrochemicals, Polimeri Europa, Dow Chemical, Repsol, and INEOS Olefins and Polymers.


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