24 January 2013 08:20 [Source: ICIS news]
SINGAPORE (ICIS)--India's Reliance Industries Ltd (RIL) has ramped up production at its aromatics unit in Hazira to 100%, following an outage lasting about a week in mid- January because of technical issues, a company source said on Thursday.
“The plant is running fine now,” the source said.
The aromatics plant is able to produce 210,000 tonnes/year of benzene, 100,000 tonnes/year of toluene and 120,000 tonnes/year of mixed xylenes, the source said.
RIL's total nameplate capacity for producing benzene is about 750,000/tonnes/year at its plants in Jamnagar, Hazira and Baroda-based aromatics facilities.
List prices for benzene and toluene quoted by RIL were at Rs89.50/tonne ($1.67/kg) ex-tank and Rs84.00/kg ex-tank, respectively, with effect from 1 January, the source said.
“We will adjust the list prices in early February,” he added.
Because of the brief outage, some traders in India said local availability of toluene was tight at the time, lending support to prices in the west India open market in mid-January.
Spot prices for discussions of imported cargoes were at above Indian rupee (Rs) 80.00/kg ex-tank in Kandla and Mumbai in mid-January, before prices started to edge down to Rs79.00/kg ex-tank last week, according to ICIS.
On 24 January, spot discussions in Kandla were at Rs78.00-78.50/tonne ex-tank, while in Mumbai, imported material were traded at around Rs78.50-79.00/kg ex-tank, local traders said.
($1 = Rs53.63)
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