16 December 2010 12:11 [Source: ICIS news]
LONDON (ICIS)--Egyptian Petrochemicals Company has restarted production at its 400 tonne/day caustic soda plant in ?xml:namespace>
The company took the plant off line on 29 November because of technical problems. The plant resumed normal production on 13 December, the source said.
Egyptian Petrochemicals Company plans to resume exports to
The source added that domestic buying interest was strong due to the region's hot weather, which was fuelling demand downstream for soap and detergent.
Other sources in the region said there was a slowdown in demand, because end-users were destocking ahead of the end of the year to lower gearing ratios.
As a result of market inactivity, spot prices were stable at $420-500/tonne (€319-380/tonne) FOB (free on board)
ICIS assessed spot prices of 50% liquid product at $420-500/tonne FOB
($1 = €0.76)
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