Japan’s ISK runs Singapore titanium dioxide (TiO2) unit at full rates
03 August 2012 03:52 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Japan’s Ishihara Sangyo Kaisha (ISK) is currently running its 54,000 tonne/year titanium dioxide (TiO2) plant in Singapore at full capacity after its annual maintenance in July, a company source said on Friday.
The company shut the unit for maintenance in mid-July, and restarted the plant at around 26-27 July, the source said.
ISK is currently running the TiO2 plant in Singapore at full capacity despite weak demand and low buying interest, he said.
“At present, there is a huge buy-sell gap in the market amid low buying interest,” he added.
Even though demand is weak now, the company has decided to run its Singapore unit at full rates to maintain inventory at “normal” levels, as the company plans to shut its 155,000 tonne/year TiO2 plant in Yokkaichi in October for its annual maintenance, the source added.
The prices of TiO2 in Asia held stable for three straight weeks at $3,600-3,800/tonne (€2,952-3,116/tonne) CFR Asia for the week ended 27 July, according to ICIS data.
($1 = €0.82)By: Samuel Wong
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