23 September 2010 04:34 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s acrylonitrile producer, China Petrochemical Development Corporation (CPDC), has restarted its 190,000 tonne/year plant in Kaohsiung after typhoon Fanapi swept through the southern part of the island on Sunday and caused many petrochemical plants to shut.
“The electric power supply was cut off on 19 September as a precautionary measure and we resumed production on 21 September,” a company source said.
The two-day unplanned shutdown was expected to cost the company a production loss of about 1,000 tonnes of acrylonitrile, industry sources said.
With China, Taiwan, Hong Kong and Korea out for several days this week due to the Mid-Autumn Festival holidays, the impact of the two-day outage on the spot market was limited, industry sources said.
Asia acrylonitrile spot prices were unchanged at $1,980-2,020/tonne (€1,485-1,515/tonne) CFR (cost and freight) northeast (NE) Asia in the week ending 17 September, according to ICIS.
($1 = €0.75)
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