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)
For more on MEG visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections