30 March 2005 13:08 [Source: ICIS news]
LONDON (CNI)--BASF and Lanxess are planning partial shutdowns at their caprolactam plants in Antwerp, Belgium, and not BASF and Rhodia as mistakenly reported on Tuesday.
The cutback by BASF is scheduled for April but the Lanxess reduction is planned for June and not next month.
We apologise for these errors and any inconvenience it may have caused.
A corrected version of the story follows in full:
LONDON (CNI)--BASF and Lanxess are planning partial shutdowns at their caprolactam plants in Antwerp, Belgium, according to sources within both companies.
BASF is expecting to cut one caprolactam train from the beginning of April for around three weeks, although a company source did not reveal precise dates. The capacity of the plant was not confirmed, but it consumes 500,000 tonne/year of cyclohexane. BASF will reduce its cyclohexane offtake from SCP during this partial outage.
This will help keep the market in balance during Saudi Chevron Phillips’s (SCP) four-week shutdown of its 286,000 tonne/year Al-Jubail cyclohexane unit at the beginning of April, the sources added.
Lanxess will also cut back operating rates at its 165,000 tonne/year caprolactam unit in Antwerp in June. Information on the planned length of the cutback was not available.
Discussions to determine the cyclohexane delta continue, with sellers looking for an increase based on good demand and buyers resisting, according to global price reporting and market intelligence service ICIS-LOR*.
One major consumer added: “We are in no rush to settle.” Some progress is expected late this week or early next week.
*ICIS-LOR is part of the same publishing group as CNI.
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