06 November 2013 16:07 [Source: ICIS news]
LONDON(ICIS)--Vencorex’s upstream toluene diamine (TDA) and toluene di-isocyanate (TDI) operations remain down at Le-Pont-de-Claix, France, with a restart expected by the end of the week, said a company source on Wednesday.
The force majeure on TDI manufactured at the site remains in place until further notice.
There was a major technical issue at the TDA facility at the French site in the second half of October, impacting downstream TDI production at the same site and resulting in the force majeure on TDI supplies there.
Previous reports suggested that the units were likely to resume output during week commencing 4 November.
The French TDI unit is a joint venture between Thailand-based petrochemical and refining company PTT Global and Swedish-based producer Perstorp. The plant has the nameplate capacity to produce around 125,000 tonnes/year.
Sellers maintain that the European TDI market is on the tight side, because of good domestic and export demand and recent, as well as current TDI output constraints. Buyers said that they have not seen little-to -no tension in European supply, despite Vencorex’s production problems, stating that Vencorex’s shortfall in supply was being sufficiently covered by other sellers, particularly as demand is reasonable to modest for economic reasons.
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