Taiwan’s CPDC to continue running ACN plant at 85% in June

16 May 2012 03:35  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s China Petrochemical Development Corp (CPDC) will continue to run its 240,000 tonne/year acrylonitrile (ACN) plant at a reduced rate of 85% next month because of weak market sentiment, a company source said on Wednesday.

“Market sentiment is weak and the buyers wait and see, so we will continue to run the plant at 85% of capacity in June,” the source said.

The Taiwanese ACN producer has been running the plant at 85% of capacity since early May, the source said.

ACN prices have dropped significantly in the past month because of poor demand.

In the week ended 11 May, spot ACN prices were assessed at $1,900-2,000/tonne (€1,501-1,580/tonne) CFR (cost and freight) NE (northeast Asia), down by $400/tonne from 6 April, according to ICIS data.

($1 = €0.79)

By: Helen Yan
+65 6780 4359

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