26 May 2011 03:50 [Source: ICIS news]
SHANGHAI (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) is planning to shut its 170,000 tonne/year polypropylene (PP) line at Ningbo in China’s Zhejiang province in early June because of a feedstock shortage, a company source said on Thursday.
“We have been experiencing [a shortage] of feedstock propylene since early May,” the source said, adding that FPC shut its 280,000 tonne/year PP line at Ningbo on 12 May because of a shortage of raw material.
The restart dates of the two lines are unconfirmed, the source said.
FPC has two PP lines with a total capacity of 450,000 tonnes/year, according to data from Chemease, an ICIS service.
Additional reporting by Amanda ZhangFor more on polypropylene and propylene, visit ICIS chemical intelligence
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