Taiwan CPDC to restart acetic acid line by Sunday

29 August 2008 04:09  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s China Petrochemical Development Corp (CPDC) plans to resume operations at its 160,000 tonne/year acetic acid plant at Tasheh this weekend following a one-week shutdown, a company official said on Friday.

The plant was shut last week due to an electricity supply shortage. Operating rates prior to the shutdown were at full capacity.

“We target to raise operating rates gradually to full capacity after the restart,” he said in Mandarin, in anticipation that the poor market conditions would improve by October when operating rates at downstream purified terephthalic acid (PTA) and vinyl acetate monomer (VAM) sectors were expected to recover back to normal rates.

Meanwhile, the producer described a stable outlook on pricing, with trades hampered by a wide $100/tonne buy-sell price gap.

Offers to China remained pegged at $640-650/tonne CFR (cost and freight) China, on account of high raw material costs. Buying notions in China, however, were reiterated around $560/tonne CFR in line with prevailing values in the Chinese domestic market.

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By: Helen Lee
+65 6780 4359

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