LyondellBasell allocates PP to customers of Carrington plant

05-Oct-15

A PP plant operated by LyondellBasell at Carrington, UK is reported to have gone down at the beginning of last week, with an attempt to restart the facility on Friday, 1 October, as per Plasteurope. This coincides with the height of tough price discussions for polypropylene in Europe. Although the situation apparently is not dire enough for the company to declare force majeure, customers for eight grades of PP are believed to have already been put on allocation. If the restart is unsuccessful, an FM declaration could follow, Plasteurope.com’s sources say. At Carrington, LyondellBasell produces a wide range of speciality PP products such as random copolymer. European PP producers are currently facing steep price declines for their products. In September, they had to make concessions that in some cases exceeded the fall in C3 notations. In October, they will surely want to cap rebates at the monomer’s decline