19 October 2010 11:20 [Source: ICIS news]
SINGAPORE (ICIS)--Aromatics Oman (AOL) declared a force majeure on Tuesday on its November paraxylene (PX) shipments due to an outage at its Sohar facility, market sources said.
The company’s 800,000 tonne/year PX unit was shut late last week due to an unspecified utility issue, they said, adding that AOL had been trying to sell naphtha because of the outage.
The facility was expected to be down for the next two to three weeks, market sources said.
Spot PX prices in Asia rose $27/tonne (€19/tonne) on Tuesday, with a PX cargo for December delivery changing hands at $1,240/tonne CFR Taiwan and/or China Main Port (CMP) during the day, while a parcel for November delivery was heard sold at $1,250/tonne CFR Taiwan and/or CMP, market sources said.
($1 = €0.71)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|