Poland’s PKN Orlen to have marketable PTA from Wloclawek in Jan

03 December 2010 14:28  [Source: ICIS news]

VALENCIA, Spain (ICIS)--Polish producer PKN Orlen will be able to produce marketable purified terephthalic acid (PTA) from its new plant in Wloclawek by the second half of January, a company source said on Friday, countering market talk that there would be a delay of one or two quarters.


“We do not plan to be late…In the second part of January we will have good product if all goes smoothly,” the source said, adding that technical completion was imminent.


The cold weather could, however, result in a delay, the source acknowledged. Temperatures were recorded at minus 14°C and below in the area this week.


PKN’s 600,000 tonne/year unit in Orlen will be fed upstream paraxylene (PX) from its new 400,000 tonne/year unit, located at the same site.


“We have decided not to sell PX to the market. It is only for our production [of PTA],” the source said.


Availability of PTA was snug and industry players were expecting the tightness to last into 2011. Downstream polyethylene terephthalate (PET) continued to pull on PTA supply as a weakening euro against the dollar was resulting in less imported PET and PTA.


The European December PX contract has been settled at €1,030/tonne ($1,355/tonne), up €102/tonne - or 11% - from November, driven by rising prices in Asia, tight supply and ongoing strong demand.


($1 = €0.76)


For more on PTA, PET, PX visit ICIS chemical intelligence

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By: Caroline Murray
44208 652 3214

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