Taiwan CPDC keeping caprolactam unit op rate at 90%
19 April 2005 07:50 [Source: ICIS news]
SINGAPORE (CNI)--Taiwan's China Petrochemical Development Corp (CPDC) plans to keep the operating rate of its caprolactam plant at Toufen at 90% of capacity until caprolactam prices increase, a company official told CNI on Tuesday.
The company restarted the 80,000 tonne/year plant on Saturday after the completion of a planned turnaround which started on 5 April.
The official said the plant was operating at 90% of capacity before the turnaround due to insufficient cyclohexane and cyclohexanone feedstock, which were purchased from countries such as Japan, Korea and Singapore.
He said that although the company had accumulated sufficient feedstock to operate the plant at full capacity, it would not do so until caprolactam prices rise.
Industry sources said caprolactam prices reached a peak of $2,420-2,480/tonne CFR Northeast Asia in early April. However, bids are currently pegged at $2,300-2,360/tonne CFR Northeast Asia, while offers are pegged at $2,350-2,400/tonne CFR Northeast Asia.
CPDC, one of Asia's largest caprolactam producers, also operates a 160,000 tonne/year plant at Kaohsiung. It plans to debottleneck both plants this year, raising its total capacity by 10,000 tonne/year to 250,000 tonne/year by end-2005.
By: Caroline Sin
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