26 November 2012 09:13 [Source: ICIS news]
SINGAPORE (ICIS)--China's Chongqing Pengwei Petrochemical has delayed the restart of its 900,000 tonne/year purified terephthalic acid (PTA) plant in Fuling because of squeezed margins and a lack of feedstock, a source close to the company said on Friday.
The Chinese producer has postponed its PTA plant’s restart date to early December from its original schedule in mid-November, the source added.
Chongqing Pengwei Petrochemical’s PTA plant was shut since July, but underwent maintenance on 14 October for 2.5 months.
The shutdown of its PTA plant has had a huge impact on the company's contractual supply.
The producer’s supply of PTA in China has decreased by around 200,000 tonnes since July, according to ICIS data.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections