22 August 2011 10:22 [Source: ICIS news]
SINGAPORE (ICIS)--Urumqi Petrochemicals will reduce the operating rate at its 1m tonne/year paraxylene (PX) unit in Xinjiang province to 50-55% in September because of a lack of feedstock, a company source said on Monday.
The plant is running at 65-70%.
“It is likely we will drop operating rates as the Dushanzi refinery is undergoing a 45-day maintenance from 10 August, but we will not stop PX production,” he said.
The source was unable to provide a specific timeline as to how long operating rates will be reduced, but said that “it should not be longer than one month”.
Urumqi Petrochemicals has domestic contracts that is settled against the Sinopec contract price with purified terephthalic acid (PTA) makers such Zhejiang Yisheng Petrochemicals, Shaoxing Yuandong Petrochemicals and Xiamen Xianglu Petrochemicals.
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