12 July 2013 05:50 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) has lowered the operating rate at its 250,000 tonne/year n-butanol (NBA) plant at Mailiao because of weak market conditions, market sources said on Friday.
The company lowered the plant’s run rate to 85-90% capacity, from the initial 90-95% capacity during the week, according to market participants.
“NBA prices in Asia are under downward pressure from prevailing weak downstream demand, while suppliers continue to face mounting costs because of higher production costs,” a northeast Asia-based trader said.
The prices of NBA fell by $40-60/tonne (€30-46/tonne) to $1,260-1,360/tonne CFR (cost & freight) NE (northeast) Asia on 5 July, according to ICIS data.
($1 = €0.76)
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