10 May 2013 12:30 [Source: ICIS news]
TAIPEI (ICIS)--India’s local purified terephthalic acid (PTA) supply temporarily tightened this week because of plant shutdowns, sources said on Friday.
Reliance Industries (RIL) shut its 640,000 tonne/year No 3 Hazira PTA unit on 10 May for three-day minor maintenance, a company source said on the sidelines of the Asia Petrochemical Industry Conference (APIC), held from 9 to 10 May in Taipei, Taiwan.
Indian Oil Corp (IOC) reduced the operating rate at its 550,000 tonne/year PTA unit at Panipat to 75-80% of capacity in midweek to coincide with an annual maintenance at its naphtha supplier, a company source said.
IOC’s PTA is integrated with a paraxylene (PX) facility that sources naphtha partly from a third-party supplier, the source added.
India’s third PTA producer, Mitsubishi Chemical, shut down its 800,000 tonne/year No 2 PTA unit at Haldia on 9 May because of mechanical issues, a company source said. The shutdown will last until 11 May, the source added.
“Domestic PTA supply has been tightened temporarily, but the impact should be limited because of sufficient PTA stocks,” an India polyester maker said.
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