01 October 2012 09:44 [Source: ICIS news]
There is no revised restart date set yet although the company is hoping to bring the plant back on stream by mid-October, the source said.
The source did not give any reason for the delay.
A separate source said the plant, which was shut since 8 August for maintenance, is not able to resume production because of insufficient feedstock following a delay in the restart of JX Nippon’s naphtha cracker in
The company did not resume production at its 460,000 tonne/year cracker as scheduled on 28 September as a result of unspecified mechanical issues, and no new restart date has been set.
The uncertainties in the production situation at JX Nippon’s IPA plant are expected to keep the spot prices of IPA in southeast Asia at high levels, buyers said.
“We were initially expecting supply to improve this month. The uncertainty over JX production is likely to keep prices strong,’’ a buyer said.
IPA prices in southeast Asia were stable at $1,400-1,420/tonne (€1,092-1,108) CFR (cost & freight) southeast (SE)
($1 = €0.78)
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