27 January 2006 17:23 [Source: ICIS news]
LONDON (ICIS news)--Technical problems at Cepsa’s phthalic anhydride plant in Algeciras, Spain, coupled with a rise in February feedstock orthoxylene prices, tightened the market and led to higher spot offers this week, PA sellers said on Friday.
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Market sources said that Cepsa’s unit has been reduced for the last two weeks due to technical problems and could remain cutback until early, or even mid, February. Cepsa could not be reached immediately for comment.
European OX contract prices for February were settled at Euro730/tonne FD Northwest Europe - up Euro30/tonne on January, sources at major consumers BASF and Lonza said on Thursday (26 January).
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