China’s Chongqing Pengwei Petrochemical restarts PTA plant

11 December 2012 06:50  [Source: ICIS news]

SINGAPORE (ICIS)--China's Chongqing Pengwei Petrochemical restarted its 900,000 tonne/year purified terephthalic acid (PTA) plant at Fuling in Sichuan province on 7 December, a source close to the company said on Tuesday.

The plant was taken off line on 14 October and was initially scheduled to restart on 7 November, the source added.

However, the producer postponed the restart date by one month for various reasons, which the source has declined to specify.

PTA producers are said to be facing squeezed margins and a lack of feedstock paraxylene supply for their production.

Chongqing Pengwei has reduced its contract supply since October.

The Chinese producer kept its PTA plant under maintenance for nearly four months this year, because of the market conditions and the climate, according to ICIS China.

By: Thompson Qian

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