Portugal's Petrogal aromatics FM to remain in place for November

12 November 2010 11:37  [Source: ICIS news]

LONDON (ICIS)--Petrogal's force majeure on all aromatics at its facility at Oporto in Portugal will remain in place for the rest of November, a company source said on Friday.

The company declared force majeure on 4 November.

“We declared force majeure on all aromatics because of technical problems,” the source said.

“The whole aromatics complex is affected and will be down for a month,” the source added.

According to ICIS data, Petrogal has the capacity to produce 50,000 tonnes/year of orthoxylene (OX), 140,000 tonnes/year of paraxylene (PX), 80,000 tonnes/year of benzene and 170,000/tonnes/year of toluene.

The value of spot PX, OX and benzene have not been affected by the force majeure.

However, a toluene supplier said: “Petrogal will be down until early December and this is helping keep Europe tight on toluene.”

Toluene spot for November was valued at $940-970/tonne FOB (free on board) Rotterdam, up $30-50/tonne since 1 November.

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By: Julia Meehan
+44 20 8652 3214

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