10 March 2011 09:23 [Source: ICIS news]
SINGAPORE (ICIS)--Global acetyls producer Celanese declared a force majeure (FM) last week on supply from its ?xml:namespace>
The company placed customers in mainland
Market sources said that Celanese’s 1.2m tonne/year acetic acid plant and 300,000 tonne/year VAM plant in Nanjing halted operations on 2 March, with the tentative restart date set on 22 March.
When asked about the outage and restart date of the
Some market sources attributed the cause of the outage to a leakage at a reactor unit at the site, while others pointed to problems at the control tower of the complex.
If the outage was due to problems at the reactor, Celanese’s plants may be down for a longer period of two to three months, market sources said.
It was not clear if the recent plant outage was related to the outage in late January.
“It seems that their production was not stable in the past period,” an eastern China-based distributor said.
Domestic producers in
Offers for spot exports were also raised by $60/tonne (€43.2/tonne) this week to $530/tonne FOB (free on board)
A wide buy-sell gap however, hindered trades, as buying ideas in
Major acetic acid producers in
($1 = CNY6.56 / $1 = €0.72)
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