NewsFlashBlue Star declares force majeure on BPA

10 February 2006 10:03  [Source: ICIS news]

SINGAPORE (ICIS News)--Blue Star New Chemical Materials, China’s largest bisphenol-A (BPA) producer, has declared a force majeure on supplies from a plant due to feedstock issues, traders said on Friday.

The 25,000 tonne/year plant at Wuxi, Jiangsu province, could be shut for almost a month, they added. There were some problems with the phenol feedstock that was affecting BPA production, they said.

“The producer…sent a letter to customers saying it cannot fulfill contracts,” a Northeast Asian trader said. No other details were available, and company officials could not be reached for comment.

Blue Star has two plants in Wuxi. The smaller 15,000 tonne/year plant has been shut since November due to poor market conditions and for maintenance.

Traders said the news could help push BPA prices higher. Trades in the key China spot market were heard around $1,240-1,280/tonne CFR China Main Port (CMP) this week, while offers had now climbed above $1,300/tonne CFR CMP, they said.

The company is an affiliate of state-owned China National Blue Star (Group).

By: Peh Soo Hwee
+65 6780 4359

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