22 April 2011 10:26 [Source: ICIS news]
SINGAPORE (ICIS)--Mitsubishi Chemical shut its 800,000 tonne/year purified terephthalic acid (PTA) plant at Haldia in India unexpectedly on the night of 18 April as a result of mechanical problems, a source close to the company said on Friday.
The shutdown is the first after a month-long turnaround at the plant from 21 January to 17 February.
Mitsubishi did not say how long the plant will be shut.
Another source close to the company said the shutdown might take around 45 days.
The plant has been operating intermittently as a result of mechanical problems since it was started up in early 2010.
Mitsubishi is continuing to deliver cargoes to its local contracted customers, given its high inventory, the first source said.
“So far, the shutdown has had little impact on the market,” an India polyester end-user said. He added that India’s polyester industry is in its seasonal lull in April-May, which has subdued demand for PTA.
The overall operating rates at the downstream polyester industry were recently cut down to 60% from 75-80% because of a slowdown in demand, the end-user added.
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