01 August 2011 05:17 [Source: ICIS news]
“We are running our four MEG units quite well and there is no impact on [operations] as the fire happened in the refinery area,” the source said.
The fire was the second one in a week following a small fire that occurred also in the complex vicinity on 26 July.
Nan Ya, a subsidiary of Formosa Group, has a combined MEG capacity of 1.8m tonnes/year at Mailiao.
This morning, sellers were holding back on their offers in anticipation of higher prices amid active buying sentiment. A bonded warehouse cargo was heard done at $1,270/tonne (€876/tonne) CFR (cost & freight) CMP (China Main Port), according to traders.
($1 = €0.69)
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