09 May 2012 07:09 [Source: ICIS news]
“We also plan to start-up the No 2 unit two months after starting up the No 1 unit,” the source added.
He dispelled an impression that there was going to be a delay in the start up.
The No 2 PTA unit also has a design capacity to produce 2.2m tonnes/year and is located in
The company continues to be on the look-out for competitively priced feedstock paraxylene (PX) shipments to build inventory levels ahead of the targeted start-up, the source said.
“Taking into consideration the prevailing PTA prices, I will be interested to buy PX cargoes at $1,500/tonne CFR (€1,155/tonne) (cost and freight)
Other bids for spot PX June shipments were at $1,525/tonne CFR Taiwan/Ningbo against offers at $1,535/tonne CFR Taiwan/Ningbo.
($1 = €0.77)
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