Production issues still affect Interquisa Spain PTA

09 July 2007 18:02  [Source: ICIS news]

LONDON (ICIS news)--Production at Interquisa’s purified terephthalic acid plant (PTA) in San Roque, Spain, may be reduced until 1 August on ongoing unplanned production issues, a company source said on Monday.

Force majeure was declared on 2 July at the Spanish plant, which was currently running at 75% capacity, the source added. 

Nameplate capacity for the unit was up to 750,000 tonnes/year.

Buyers expressed concern that the Europe PTA market was growing increasingly tight on strong demand and felt that the current situation would support producers’ firm approach towards a price increase for June contracts.

Downstream, the polyethylene terephthalate (PET) sector was also affected by news of a tightening market. Market players were reluctant to settle July prices, preferring to wait for further direction from the PTA market. 

By: Fiona Bond
+44 20 8652 3214

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

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.

Printer Friendly