Reliance to shut down PTA line in late May

16 May 2007 07:53  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Reliance Industries will shut its No 2 purified terephthalic acid (PTA) unit in Hazira for about 10 days at the end of May for maintenance, a company source said on Wednesday.

 

The company also completed the two-week turnaround of its No 1 plant at the same site between April and early May and has resumed full operations.

 

Reliance operates a total of three PTA lines at Hazira, each with a nameplate capacity of 510,000 tonnes/year.

 

“The restart of the [No 1] line was very smooth and now everything is running,” said the source, referring to all three units at the complex.

 

The source added that supplies to contract customers were not affected by the shutdowns but that they had contributed to the currently tight market for PTA in India and the rest of Asia.

 

Due to the tight supply and strong demand in Asia, especially in the key China market, PTA spot prices had firmed to $950-960/tonne CFR (cost and freight) China on Wednesday, edging up $5-10/tonne from Friday’s close.

 

 

By: Salmon Aidan Lee
+65 6780 4359

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