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CPDC denies rumours of cutback in ACN operational rates
Apr '09
Reports had emanated in the Asian petrochemical markets regarding an impeding decision of China Petrochemical Development Corporation (CPDC), intending to once again cut the operating rate of its Acrylonitrile (ACN) plant.

Located in Kaohsiung province, the operating capacity of 190,000 tons per annum plant had earlier been reduced to 50 percent in August last year, due to a slowdown in demand from its downstream manufacturers.

But on the back of an increase in demand, since, the second month of 2009, CPDC had once again ramped up ACN production capacity to higher levels, around 80-90 percent, March onwards to meet the rise in demand.

Fibre2fashion spoke to a company official of CPDC who informed us that, “CPDC was running both its ACN lines of 190,000 tons per year capacity at 50 percent operating capacity from last August to March, due to market issues”.

He continued, “Currently, all of the producers in Asia are facing the same problem of high feedstock of ACN, so although prices are rising, the company is still losing money”. But he categorically denied the news of a reduction in operating capacity by saying, “CPDC will still run both the lines at 90 percent operational rates in May”.

Fibre2fashion News Desk - India

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