14 April 2011 17:56 [Source: ICIS news]
TAIPEI (ICIS)--Taiwan-based China Petrochemical Development Corp (CPDC) reduced the operation rate from 100% to 50 % at its newly debottlenecked 200,000 tonne/year caprolactam (capro) unit in Xiaogang, Kaohsiung, following a fire at an upstream unit, a company source said on Thursday
A fire on Wednesday occurred somewhere between the upstream 100,000 tonnes/year cyclohexane and 100,000 tonne/year cyclohexanone unit, he said, adding that no workers were injured.
The affected units were shut and would be under repairs, he said.
“Currently, we are still assessing the situation, and everything would be determined by the outcome of the investigation”, he added
Meanwhile, CPDC’s other 100,000 tonne/year capro plant and its downstream 40,000 tonne/year nylon chips plant at Toufen in Miaoli county remained scheduled to be shut in late April for three to four weeks of maintenance, the source said.
CPDC is the sole producer of capro in Taiwan.
Industry sources said that the impact of the reduced rates on the Asian capro market was uncertain, as it came at a time when spot caprolactam prices were seen softening since early last week as a result of weak market sentiment.
Spot caprolactam prices were assessed $40-90/tonne (€28-62/tonne) lower at $3,480-3,550/tonne CFR (cost and freight) NE Asia on Wednesday.
($1 = €0.69)
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