24 February 2012 07:16 [Source: ICIS news]
SINGAPORE (ICIS)--Deliveries for March paraxylene (PX) contracts will be fulfilled despite the 22 February outage at JX Nippon Oil & Energy’s 400,000 tonne/year PX unit at Chita, industry sources said on Friday.
Market sources said that the Japanese aromatics major is likely to reduce spot sales to ensure that it will be able to fulfil contracts.
An earlier-than-expected restart of the company’s Mizushima facility is also expected to help ease any shortfall in supplies, they added.
JX Nippon Oil & Energy restarted its 350,000 tonne/year PX unit in Mizushima during the week, almost two weeks ahead of schedule, for undisclosed reasons, sources said.
The company had initially planned to shut the unit down from end-January through mid-March for a 40-day turnaround.
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