02 March 2012 18:04 [Source: ICIS news]
LONDON (ICIS)--INEOS Oxide’s glycol ethers plant at Lavera, in France is running at full capacity after restarting in late January, a source at the Switzerland-headquartered specialty chemicals producer said on Friday.
The source did not confirm how and when the production problems that affected the site after it was restarted in late January were resolved.
The plant began a turnaround on the weekend of 5–6 November in conjunction with a shutdown of the company’s ethylene oxide (EO) plant at the same site, and was initially due to restart glycol ethers production on 7 January.
“We still have to catch up with some delayed orders so the material is still on the tighter side in March. We still have to be a bit patient, focusing on contract, although having said that there is some spot material available for March,” the source said.
A second glycol ethers producer is understood to be short on supply and that its supply to the spot market is reduced, but this could not be confirmed at source.
The tighter supply has led to the glycol ethers market in Europe becoming better balanced compared with January, sources said.
Prices in the market have been under upward pressure on rising feedstock ethylene prices and bullish sentiment prompted by the tighter supply.
Glycol ethers prices are assessed at €1,260–1,330/tonne ($1,680–1,733/tonne) FD (free delivered) NWE (northwest Europe) for butyl glycol and €1,310–1,350/tonne FD NWE for butyl di-glycol in the week ending 2 March.
($1 = €0.75)
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