16 March 2012 15:08 [Source: ICIS news]
LONDON (ICIS)--INEOS has resumed full production at its 300,000 tonne/year acrylonitrile (ACN) plant in Cologne, Germany, a company source said on Friday.
The Switzerland-headquartered producer was forced to restrict output after declaring force majeure on upstream propylene supplies at the site in February, following a leak on the superheater at the No 4 cracker.
INEOS was forced to buy feedstock on the spot market but the Cologne plant is now running at 100% again. However, it will take some time to build inventory and clear the order backlog, the source said.
The outage had caused some tightness in the market, which, combined with soaring propylene numbers, has seen prices rise from around $2,000/tonne (€1,520/tonne) in early February to $2,350/tonne CIF (cost, insurance & freight) WE (western Europe), according to some players.($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections