Taekwang delays ACN plant shutdown

23 February 2007 03:33  [Source: ICIS news]

SINGAPORE (ICIS news)--Taekwang Petrochemical, a South Korean acrylonitrile (ACN) producer, has delayed the shutdown of its 250,000 tonne/year plant in Ulsan to later this year due to strong demand, a company official said Friday.

The shutdown was originally scheduled for March.

"Supply is tight and demand strong, so have to continue to operate the plant to meet our customers’ requirements," he said.

"We will postpone the shutdown to later this year but we have not decided when as the date has not been fixed yet," he added.

Chinese buying interest has increased recently as traders secured deep-sea cargoes from the US for March delivery. About 2,000 tonnes of deep-sea material from the US are expected to arrive in China in March.

By: Helen Yan
+65 6780 4359

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