21 April 2005 10:37 [Source: ICIS news]
The line, which was shut on 6 April for maintenance, resumed operations by 17 April, said the official. ?xml:namespace>
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
*ICIS-LOR is part of the same publishing group as CNI.
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