16 March 2011 16:10 [Source: ICIS news]
HOUSTON (ICIS)--Honeywell declared force majeure (FM) on caprolactam (capro) for all contract customers effective 15 March, the company said on Wednesday.
Caprolactam is a feedstock for nylon 6.
Honeywell’s FM comes after Sunoco declared FM on phenol.
Honeywell has a 375,000 tonne/year capro plant in Hopewell, Virginia, according to ICIS plants and projects.
The company said it expects the plant to run at reduced rates through at least mid-April.
Asian spot buyers said earlier in the week that they were not being offered material from Honeywell, and contract buyers said they were being sold less volume than normal.
Earlier on Wednesday, a northeast Asian capro producer said Japanese producers might have to declare FM as a result of feedstock and power shortages following last week's earthquake and tsunami.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|