20 February 2006 00:44 [Source: ICIS news]
ICIS news reported in early February that the company had declared a force majeure on supplies from the plant at
“We are speaking to our contract customers to see if we can delay the shipments,” the official said on Friday. He added that it was too early to say when full production would resume, and declined to give details on the problem.
Traders said there was minimal impact on the spot market as Blue Star’s monthly BPA output was only around 2,000 tonne, in contrast to average monthly import volumes of around 20,000 tonne.
BPA prices were assessed at $1,240-1,280/tonne CFR Northeast Asia last week, according to global pricing and market intelligence service ICIS-LOR, a sister company of ICIS News.
Blue Star also has a smaller 15,000 tonne/year plant at the same location. The facility has been shut since November due to poor market conditions and for maintenance, and a restart date has not been fixed.
The company is an affiliate of state-owned China National Blue Star (Group).
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections