24 February 2012 09:22 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Nan Ya Plastics plans to shut its 60,000 tonne/year No 2 butanediol (BDO) plant at Mailiao by the end of February because of weak production margin, a company source said on Friday.
“The plant will be shut because of high costs pressure,” said the source, citing high prices of feedstock butadiene (BD).
Spot BD prices were assessed at an average of $3,925/tonne (€2,944/tonne) CFR (cost and freight) NE (northeast) Asia in the week ending 17 February, ICIS data showed.
Nan Ya’s No 2 BDO plant is currently operating at reduced capacity, whiles its other BDO plant at the site, with a 40,000 tonne/year capacity, has been shut since 20 January, the source said.
($1 = €0.75)
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