15 November 2010 09:50 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s China American Petrochemical (Capco) shut its 700,000 tonne/year No 6 purified terephthalic acid (PTA) plant in Kaohsiung in the morning due to a mechanical outage, a source close to the company said on Monday.
The shutdown was estimated to last five to seven days, said the source.
The company could not be reached for any comments.
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He noted that the 444,000 tonne/year plant of another Taiwan PTA major, Tuntex Petrochemical, had remained shut for a three-week turnaround since 1 November.
Spot PTA prices for Taiwan cargoes were around $1,160-1,180/tonne (€850-865/tonne) CFR (cost & freight) China Main Port (CMP) on Monday, $10/tonne lower from last Friday’s level, ceasing the rapid downtrend seen last week, according to ICIS data.
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