02 April 2008 09:19 [Source: ICIS news]
SINGAPORE (ICIS news)--National Petrochemical Co has cut the operating rate at its 150,000 tonne/year Fanavaran acetic acid unit in Bandar Imam by 20% to 50-60% this week due to technical issues, a company official said on Wednesday.
The plant had been running at 70% of capacity after it was restarted on 15 March following a one-week outage in earlier that month.
Nevertheless, the company may have 2,000 to 3,000 tonnes of material for export this month depending on inventory levels, he said, adding that a sell tender was likely be issued in the coming weeks.
“We will be clear about our inventory levels next week and we will open our tender then for the best-priced market, either in southeast Asia, India, China or Europe,” he said.
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