Spain's Interquisa lifts FM on San Roque PTA

02 July 2008 14:14  [Source: ICIS news]

LONDON (ICIS news)--Spanish producer Interquisa has lifted force majeure on purified terephthalic acid (PTA) and is running production at normal rates, confirmed a company source on Wednesday.

“We are now running normally and are building our inventory levels,” added the source. "Demand into derivative polyethylene terephthalate is below normal levels so we should be able to build PTA stocks fast."

Force majeure was lifted from the San Roque site in Spain on Tuesday after Interquisa successfully restarted output last week, added the source.

Force majeure had been declared at the end of April after one of the two PTA lines went down unplanned at the site, which has a nameplate capacity of 800,000 tonnes/year, according to ICIS plants and projects.

The bulk of the PTA market was expecting another price increase in July, pending the settlement of the upstream paraxylene contract.

Interquisa recently merged with other CEPSA subsidiaries into CEPSA Quimica.

For more on PTA visit ICIS chemical intelligence
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By: Edward Cox
+44 20 8652 3214

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