Hungary's MOL restarts Szazhalombatta MA plant after delay

09 September 2011 10:23  [Source: ICIS news]

LONDON (ICIS)--MOL’s 16,000 tonne/year maleic anhydride (MA) plant in Szazhalombatta, Hungary, is back to full production following planned maintenance, a company source said on Friday.

The Hungarian company’s plant was shut down on 8 August for maintenance that was expected to end on 31 August. However, production problems at a feedstock plant delayed the restart.

The site was brought back on line earlier this week, although an exact date could not be confirmed.

In the European MA market, there are concerns over weakening macroeconomic conditions – industries downstream of MA are heavily linked to GDP. This, coupled with uncertainty over the direction of feedstock costs in September, has led buyers to delay purchases, and most material is being consumed on a just-in-time basis.  

Consumption is lowest in southern Europe, where macroeconomic conditions are weakest. However, some producers say September demand is strong, particularly from the automotive market, which is yet to be affected by negative economic sentiment.

($1 = €0.72)

For more on MA visit ICIS chemical intelligence 

By: Mark Victory
+44 208 652 3214

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