BP has extended its force majeure by a month on AA supplies out of Hull, northeast England. Its December acetic acid allocation to European contract customers will be 70%, as per sources in Platts. The force majeure was declared on October 4 as a result of a breakdown in the company's syngas production plant at the Saltend site near Hull. For the months of October and November, customers have been on 60% allocation, as per a company statement. As per Platts data, the Hull facility has the capacity to produce 520,000 m tpa of acetic acid.
Other market participants expected continued supply tightness and price rises in the coming weeks in the European region on the back of this news.
17-Nov-14 
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