20 July 2012 10:36 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwanese producer China Petrochemical Development Corp (CPDC) plans to restart its new 100,000 tonne/year caprolactam (capro) line in Toufen, Miaoli county, over the weekend, a company source said on Friday.
The line is likely to run at 100% by next week, the source added.
The line, underwent trial runs in March but had to be taken off line in April due to technical reasons. Its restart date was originally scheduled for May, but was later postponed twice to late July.
The decision to restart instead of a further delay was partly on the back of firming spot capro prices, the source said.
CPDC, the sole capro producer in ?xml:namespace>
Spot capro prices increased by $30/tonne (€24/tonne) at the high end of the range week on week in the week ended 18 July, at $2,250-2,300/tonne CFR NE Asia, ICIS data showed.
Additional reporting by Angeline Zhang
($1 = €0.81)
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