China’s Yangzi raises PTA op rate to 90-100% of capacity

21 April 2005 10:37  [Source: ICIS news]

SINGAPORE (CNI)--China’s Yangzi Petrochemical Co (YPC) has raised the operating rate of its 350,000 tonne/year No 2 PTA line at Nanjing to 90-100% of capacity after restarting the plant over the weekend, a company official told CNI on Thursday.

 

The line, which was shut on 6 April for maintenance, resumed operations by 17 April, said the official.

 

CNI reported earlier that the reason for the shutdown was weak margins as PTA prices had fallen to $830-840/tonne CFR China in early April from $890/tonne CFR China a month ago due to lacklustre demand. But the official declined to confirm this.

 

PTA prices were pegged at $790-800/tonne CFR China on 15 April, according to global price reporting and market intelligence service ICIS-LOR*.

 

YPC’s 350,000 tonne/year No 1 line at Nanjing is also operating at an optimal level of 90-100% of capacity.

  

*ICIS-LOR is part of the same publishing group as CNI.

By: Caroline Sin
+65 6780 4359

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