07 April 2010 11:35 [Source: ICIS news]
SINGAPORE (ICIS news)--India’s Gujarat Narmada Valley Fertilizers Co (GNFC) has resumed full production at its 150,000 tonne/year acetic acid plant at Bharuch in the Gujarat state on Wednesday after the plant restarted on 4 April, a company official said on Wednesday.
The plant was taken off line on 27 February for maintenance.
“The plant is operating at full capacity now,” the official said, adding that domestic acetic acid prices softened slightly as shortage of supply had slightly eased when the facilty came back on stream.
Domestic acetic acid prices were at Indian rupees (Rs) 24-24.50/kg ($541-552/tonne) ex-tank, down Rs0.50/kg week-on-week, market sources said.
Meanwhile, offers for Middle Eastern cargoes were also slightly lower at $460-470/tonne CFR (cost and freight) India, down $5-10/tonne from late March levels amid ongoing discussions, they said.
Major acetic acid producers in Asia include Celanese, BP, Jiangsu Sopo, Shanghai Wujing and CPDC.
($1 = Rs44.37)
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