15 June 2011 12:56 [Source: ICIS news]
LONDON (ICIS)--BASF has declared force majeure on polybutylene terephthalate (PBT) and reduced output volumes because of limited availability of feedstock butanediol (BDO), the chemicals major said on Wednesday.
“BASF has not stopped PBT production, but had to significantly reduce output volumes due to the limited availability of BDO,” a company source said.
PBT production at the 100,000 tonne/year facility in
The source said: “We are making continuous efforts to adjust the allocation quota by searching for alternative feedstock sources.”
Global availability of PBT was limited prior to the force majeure now in place at BASF, and there is now some supply concern among market players. One buyer has said that it does not have all the material it requires for June and July as a result of the limited availability of PBT.
Second-quarter PBT contract prices in
PBT is widely used in the electric and electronics sector, as well as in communications, fibre optics and the automotive industry.
($1 = €0.69)
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