Aromatics Oman declares force majeure on Nov PX shipments

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)

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By: Bohan Loh
+65 6780 4359



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