26 March 2007 09:41 [Source: ICIS news]
SINGAPORE (ICIS news)--Asahi Kasei, Asia’s largest adipic acid producer, has slashed the production rate at its 120,000 tonne/year Nobeoka plant to 75% since last Wednesday due to mechanical problems, a company source said on Monday.
“It will take at least a month before full production can be restored. At worst, we will have to run it at 75% until the next scheduled turnaround from May to early June,” he added.
The source declined to specify the cause of the latest hitch, although he said it was a different technical problem from the two previous outages.
The lower production rate was likely to bolster adipic acid prices in northeast
Spot adipic acid values rose $50/tonne (€38/tonne) last week from a week earlier to $2,150-2,200/tonne CFR (cost and freight) northeast Asia (
($1 = €0.75)
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