02 March 2009 10:55 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s China Petrochemical Development Corporation (CPDC) plans to restart its 160,000 tonne/year acetic acid plant at Da Sheh, Kaohsiung County on Monday, after a 10-day outage due to feedstock carbon monoxide shortages, a company official said.
“We should have the product available by this evening,” he said in Mandarin, pegging the resultant output loss at 3,000 tonnes.
The outage contributed to supply concerns in the Taiwanese domestic market, as operating rates in the downstream vinyl acetate monomer (VAM) sector have improved in February following inventory draw down, he added.
He said operating rates at the Tasheh acetic acid plant would be kept at 70% capacity, unchanged from before the plant was shut, due to squeezed margins.
Fears of oversupply in the downstream purified terephthalic acid (PTA) in April were also cited as another reason for keeping operating rates at the acetic acid unit constant, the official said.
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