Ineos Nitriles has lifted its declaration of force majeure on European supply of acrylonitrile after restarting production from its Seal Sands, UK and Cologne, Germany plants at the end of March, a source close to the company said Tuesday.
"All European plants are running and Ineos can now supply contractual customers," the source said.
Ineos wasn't immediately available for comment on the matter Tuesday. The Seal Sands plant underwent an unplanned shutdown in March following technical issues at the same time tat maintenance at Cologne was underway.
The unplanned shutdown at Seal Sands lasted three weeks and affected the entire 280,000 mt/year plant while the maintenance at Cologne was planned to last for 10-12 days on the smaller of the plant's two lines, accounting for 100,000 mt/year of total ACN production capacity of 340,000 mt/year.
European ACN spot prices were last assessed at $1,650/mt CIF ARA last Tuesday.
ACN prices have increased so far this year amid supply shortages in Europe, as well as in Asia and the US.
