16 August 2007 07:22 [Source: ICIS news]
SINGAPORE (ICIS news)--Global acetyls producer Celanese has shut its 500,000 tonne/year acetic acid plant in Pulau Sakra, Singapore, for a 22-day turnaround and expects to resume operations on 5 September, sources close to the company said on Thursday.
“The plant will be shut from 15 August to 5 September as scheduled,” the southeast Asia-based sources said, adding that the turnaround was due to gas supply issues.
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The turnarounds, however, are not expected to have any upward pressure on spot prices in this region following the end of the heavy turnaround season in Asia and the start-up of the Clear Lake plant in early August, according to market players.
“If after observation, the start-up of the Clear Lake plant is successful, then spot prices are expected to dip further,” one of the sources said, adding that the current perception was for a more relaxed supply situation.
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