01 March 2010 03:58 [Source: ICIS news]
SINGAPORE (ICIS news)--Asia’s largest adipic acid producer, Japan's Asahi Kasei, will halt production at its 120,000 tonne/year plant in Nobeoka, Miyazaki prefecture for an annual one month maintenance from May to June, a company source said on Monday.
This would follow shortly after maintenance of its feedstock cyclohexanol plant, the producer said.
Sellers and buyers said this would continue to keep adipic acid supply tight, and thus prices were expected to trend up.
Adipic acid prices were at $2,200-2,300/tonne (€1,628-1,702/tonne) CFR (cost and freight) ?xml:namespace>
Adipic acid is primarily used in the production of nylon 6,6, as well as in the manufacturing of polyurethanes, which is used in shoe soles and polyester resins. Nylon 6,6, is used for the manufacture of tyre cord.
($1 = €0.74)
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