13 January 2012 16:23 [Source: ICIS news]
LONDON (ICIS)--Italian petrochemical producer Polynt has resumed production at one of its two phthalic anhydride (PA) reactors in Scanzorosciate, Italy, and at its 30,000 tonne/year PA reactor in San Giovanni Valdarano, Italy, a company source confirmed on Friday.
Polynt halted production on one of the reactors at Scanzorosciate on 20 November for a planned catalyst change. Each of the two reactors at the site has a nameplate capacity of 40,000 tonnes/year.
Production at the 30,000 tonne/year PA reactor in San Giovanni Valdarno was halted on 20 December.
Production at both sites was brought back on line in the first week of January and both are operating at full capacity.
Despite weak domestic PA consumption in Europe, caused by poor macroeconomic conditions, demand in January has been firmer than in December because of restocking. Additionally, overseas buying interest for European material is growing.
Exports to the Middle East, Asia and Africa have increased sharply in January, according to exporters. One European producer said it had virtually sold out of flake material because of overseas demand.
The euro’s weakness against the US dollar as well as increasing feedstock costs outside Europe have led to rising exports.
($1=€0.78)For more on PA visit ICIS chemical intelligence
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