Hualian Sunshine PTA ops running at 100%
26 June 2007 04:07 [Source: ICIS news]
SINGAPORE (ICIS news)--China’s Hualian Sunshine Petrochemical has resumed full operations at its three terephthalic acid lines at Shaoxing since late last week, a company official said on Monday.
“The second line restarted successfully last Friday and we’re now running full again,” the official said.
The company shut the second purified terephthalic acid (PTA) line for a turnaround lasting around 10 days in the middle of this month. One of the reasons for the shutdown was poor economics in June.
Operations at the company’s Eastman proprietary terephthalic acid (EPTA) unit, its first line at the same site, were reduced for the most of this month following a two-day outage from a power trip in early June.
The company operates a third unit producing PTA at the same site, which had been maintaining full production. Each of the line has a nameplate capacity of 600,000 tonnes/year, putting the company’s total capacity at 1.8m tonnes/year.
Hualian Sunshine’s full production came hot on the heels of an expected recovery in demand for PTA in July, after a disappointing June.
“End-users in general bought very little PTA in June, due to the seasonal lull in the downstream polyester and textile markets,” said a PTA trader based in
“But demand should pick up soon, and [current] prices at CNY8,400/tonne ($1,102/tonne) are very attractive to buyers,” he added.
PTA prices had been sluggish at yuan (CNY) 8,400-8,500/tonne EXWH (ex-warehouse) for the past month.
But enquiries among buyers had increased in the past few days, with more expected to stream in over the next few weeks.
($1 = CNY7.62)
By: Salmon Aidan Lee
+65 6780 4359
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