02 April 2013 03:01 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zhenhai Taida Chemical is operating its 60,000 tonne/year phthalic anhydride (PA) plant in Ningbo, Zhejiang province at 50%-60% of capacity following its restart on 1 April, a company source said on Tuesday.
“We are currently running the plant at the low operating rate and the plant is expected to achieve on-spec product [on Tuesday night],” the source added.
The company took the plant off line on 21 March, ahead of its original shutdown date of 25 March, in light of the high feedstock orthoxylene (OX) prices and weak demand from the downstream sectors, such as the dioctyl phthalate (DOP) and unsaturated polyester resin (UPR) sectors, according to the source.
The restart will increase marginally PA supply in east China, and it has little impact on the spot market due to the poor demand, a market player said.
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