SINGAPORE (ICIS)--Taiwan-based producer, Tong Hwa Synthetic Fiber, has been operating its 56,000 tonne/year acrylic fibre (AF) plant in Hsinchu at 60% capacity following its restart on 6 February, a company source said on Friday.
The producer shut the AF plant on 9 January for around a month of maintenance because of the Lunar New Year holiday from 31 January to 6 February, during which its workers took their vacation, the source added.
The domestic AF supply as well as exports to China are expected to increase gradually, but for now, stocks are limited, the source said.
Due to the high cost of feedstock acrylonitrile (ACN), offers of AF from Tong Hwa Synthetic Fiber are now higher before its plant was shut for maintenance.
The producer offered acrylic staple fibre (ASF) 3D, a typical staple grade of AF, at $2,570/tonne CIF (cost, insurance & freight) China Main Port (CMP) on 7 February, compared with $2,480/tonne CIF CMP before the shutdown, ICIS data showed.