YPC-BASF, YPC plan Mar shutdown for MEG units

05 March 2008 07:29  [Source: ICIS news]

SHANGHAI (ICIS news)--China-based Yangzi Petrochemical (YPC) planned to shut down its 180,000 tonne/year monoethylene glycol (MEG) plant on 25 March for a month-long turnaround, a company source said on Wednesday.

Its sister company YPC-BASF had also scheduled a shutdown of its 320,000 tonne/year MEG unit on 10 March for a 14-day maintentance turnaround, the source added.

The turnarounds were not expected to affect supplies as contracts would be fullfilled using existing inventories, sources said.

MEG had risen CNY50-80/tonne ($7-11/tonne) from last Friday on bullish overseas markets and was trading at yuan (CNY)10,000-10,080/tonne ex-tank, east China, traders said.

Both YPC and YPC-BASF, a joint venture between Sinopec-owned Yangzi and German petrochemical producer BASF, are based in Nanjing, Jiangsu province.

($1=CNY7.10)

For more on MEG visit ICIS chemical intelligence

By: Judith Wang
+65 6780 4359

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