17 August 2012 04:57 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s China Petrochemical Development Corp (CPDC) will continue to run its 240,000 tonne/year acrylonitrile (ACN) plant at a reduced rate of 85% for a fifth month in September on limited supply of feedstock propylene, a company source said on Friday.
“We will run at this reduced rate of 85% of capacity because of limited feedstock propylene supply,” the source added.
The Taiwanese ACN producer has been running the plant at this capacity since May because of poor market conditions, the source said.
But demand has started to improve and prices have increased, industry sources said.
ACN prices were at $1,750-1,850/tonne (€1,418-1,499/tonne) CFR (cost and freight) northeast (NE) ?xml:namespace>
($1 = €0.81)
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