21 January 2013 10:12 [Source: ICIS news]
SINGAPORE (ICIS)--Iran’s Fanavaran Petrochemical has been operating its 150,000 tonne/year acetic acid plant in Bandar Imam at 40-45% capacity since December 2012 because of a shortage of feedstock, a source close to the company said on Monday.
The supply of natural gas had tightened during the winter season in Iran, the source explained.
As a result, the producer has insufficient quantities of methanol and acetic acid cargoes for late-January loading to India, the source added.
The company last sold a 3,000-4,000 tonne acetic acid cargo to India on a formula basis, with discounts for loading on 10-15 January.
Fanavaran was unavailable for comment.
Major acetic acid producers in Asia include BP, Celanese, Japan’s Daicel Chemical Industries, China’s Jiangsu Sopo, Shanghai Wujing, Yankuang Cathay Coal Chemicals, Taiwan’s Chang Chun Petrochemical and Saudi Arabia’s International Acetyl.
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