China's Xianglu Petrochemical shuts 1.65m tonne/year PTA plant

17 October 2012 08:34  [Source: ICIS news]

SINGAPORE (ICIS)--China's Xianglu Petrochemical has shut its 1.65m tonne/year purified terephthalic acid (PTA) plant in Xiamen on 17 October for maintenance, a source close to the company said on Wednesday.

The turnaround will last for 15-20 days and the plant is expected to restart in early November, the source added, without stating a specific reason for the shutdown.

The source indicated that Xianglu Petrochemical will maintain normal contract supply.

Xianglu Petrochemical has set its PTA list price of contract at CNY 8,600/tonne ($1374/tonne), and the Asian Contract Price of paraxylene (PX), the feedstock of PTA, at $1,490/tonne in October.

According to PTA market players, Xianglu Petrochemical was likely to have shut its PTA plant because it was making losses.

($1 = CNY 6.26)

By: Thompson Qian

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