Taiwan's Tasco Chemical raises MEK plant run rates

07 September 2012 08:07  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Tasco Chemical has increased operating rates at its 120,000 tonne/year methyl ethyl ketone (MEK) facility in Kaohsiung this week, as planned, from 80% to above 90% capacity, a company source said on Friday.

The increased production came after CPC Corp, its feedstock C4 seller, resumed regular supply volumes, the source added.

Earlier in April, there was a shortage of feedstock from CPC because of a pipeline leak and explosion at the refiner’s crude butadiene (BD) tank at Kaohsiung.

Meanwhile, spot prices for MEK in Asia are firming on the back of higher benchmark feedstock naphtha prices.

Sellers are raising their price targets for October shipments to $1,300/tonne (€1,027/tonne) FOB (free on board) NE (northeast) Asia from $1,250-1,280/tonne FOB NE Asia for September-loading cargoes.

($1 = €0.79)

By: Yeow Pei Lin

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