19 August 2005 06:54 [Source: ICIS news]
SINGAPORE (CNI)--Nan Ya Plastics, Asia's largest seller of bisphenol-A (BPA) in the spot market, is operating its No 2 line at 70% of total capacity after completing an unscheduled turnaround, an official with the Taiwanese company said on Friday.
The 100,000 tonne/year line at Mailiao, Taiwan was restarted on Thursday, two days ahead of schedule after the two-week maintenance shutdown. The company will have a turnaround for its 100,000 tonne/year No 3 line at the end of August, though a date has not been fixed, said the official.
He declined comment when asked why the company was having unscheduled turnarounds.
Traders, however, hope that the shutdowns will help ease a fall in BPA spot prices, which are now hovering at a 14-month low of $1,320-1,370/tonne CFR Northeast Asia. This is due to an oversupply in the China spot market, after two new plants with a total capacity of 255,000 tonne/year came onstream in the second quarter of 2005.
Nan Ya has no plans to shut its 90,000 tonne/year No 1 line, which had a scheduled turnaround in February. The line is running smoothly after mechanical problems forced the company to reduce its operating rate to 60-70% of capacity in July.
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