26 July 2012 10:31 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Chongqing Fuling Pengwei will keep its 900,000 tonne/year purified terephthalic acid (PTA) plant at Chongqing shut until flooding at the Yangtze River abated, a company source said on Thursday.
The PTA plant halted production on 17-18 July, the source said.
“We have to shut the plant as feedstock paraxylene (PX) is not allowed to ship to the upstream of ?xml:namespace>
PX is considered a dangerous chemical and is forbidden from bring transported via the
The river is currently at its highest level since 1981, according to media reports.
“Normally the flooding period lasts for a few days, but this year it is more serious,” the source from Chongqing Fuling Pengwei said.
The company has halted PTA shipments to customers in east
Some Zhejiang-based polyester makers are seeking available PTA cargoes from the spot market to plug the shortage following Pengwei’s shutdown, market sources said.
Chongqing Fuling Pengwei Petrochemical, a subsidiary of East Hope Group, is the only PTA producer located in southwestern
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