15 June 2012 03:50 [Source: ICIS news]
The shutdown of the 350,000 tonne/year No 1 qualified terephthalic acid (QTA) plant and its No 2 purified terephthalic acid (PTA) with the same capacity will be around two weeks, the source said.
Sam Nam’s four terephthalic acid plants at Yeosu – three PTA units and one QTA unit – have a combined capacity of 1.8m tonnes/year. The units are currently running at 90% of capacity since 1 June, the source said.
The plants’ run rate was cut this month from 100% previously as the company’s margins are being squeezed because of falling PTA prices.
Spot PTA prices in
Sam Nam expects production losses of around 50,000 tonnes in June, the company source said.
The company is a joint venture between
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