LANXESS lifts force majeure (FM) on polybutylene terephthalate (PBT), according to very reliable sources.
The company had declared FM on PBT in the spring because of severe shortages of purified terephthalic acid (PTA).
A better supply of PTA has allowed the company to lift the FM in Europe, Africa, and the Middle East.
Overall, despite the lifting of the FM, availability of PBT remains constrained due to logistic issues and shortages of raw materials and additives.
And the prolonged disruptions across the value chain will likely continue to impact deliveries and limit quantities.
Meanwhile, the company has kept the FM on flame retardant products due to the severe shortages of flame retardant additives.