From PetroChem Wire . . . .
PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.
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Ascend declares force majeure on nylon 66 feedstock
HOUSTON, January 8, 2019 (PCW)--Chemical giant Ascend Performance Materials has declared force majeure on nylon 66 intermediate feedback hexamethylene diamine (HMX), the company announced on Monday. "Manufacturing delays arose as [Ascend] completed projects in December to expand both adiponitrile (ADN) and HMD," it stated in a press release. "While the company’s ADN expansion is operational and meeting anticipated post-expansion rates, the HMD expansions have not yet met the company’s targeted production rates."
Ascend also remains on force majeure for all of its polymers, compounds and fibers.
The company operates nine locations, including five integrated manufacturing facilities in the southeastern US and an engineering plastics compounding facility in Europe. -- Xavier A Cronin