15 August 2012 07:49 [Source: ICIS news]
Li Peng is the largest nylon maker in
CPDC has cancelled its contract supply of capro to Li Peng since February this year as the latter had breached the agreement by taking 80% less volumes than contracted in November 2011, according to earlier report from ICIS.
Taiwanese newspapers reported on Wednesday, quoting CPDC general manager Wang Keshun, that the company’s issue with Li Peng was resolved and that there will be no changes in the terms, pricing formula and volume of the supply contract.
Details of the reconciliation contract will be confirmed on 16 August after a meeting between the two companies, Wang was quoted as saying.
CPDC accounts for around 15% of Li Peng’s capro supply, according to market players.
Additional reporting by Junie Lin.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections