London — German petrochemicals producer BASF has resolved its butyl acetate feedstock problems and has returned to normal supplies to contract customers, according to a source close to the company.
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The butac unit has been under force majeure since October but has been maintaining production.
BASF experienced a problem with the feedstock, butanol, supply line at its Ludwigshafen butyl acetate plant.
"The issue was resolved quite quickly and it didn't have an impact on the prices", the source said.
The company declined to comment on any new issues at its plant but confirmed that its original force majeure remains in place.
BASF declared force majeure on butac from Ludwigshafen in October 2016. It subsequently restarted production and supply for contract customers, but kept the force majeure in place.
The company is one of three major European producers and has a capacity of 90,000 mt/year at its Ludwigshafen plant.
Butac prices in Europe have been assessed unchanged at Eur1,240/mt for several weeks, including the most recent assessment on Tuesday.
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