27 May 2008 09:10 [Source: ICIS news]
SINGAPORE (ICIS news)--Tongsuh Petrochemical will shut down its 230,000 tonne/year acrylonitrile (ACN) line at Ulsan in South Korea on 28 May for maintenance, a company source said on Tuesday.
Its other 60,000 tonne/year ACN line at the same location shut down on Monday, the source added on the sidelines of the two-day Asia Petrochemical Industry Conference (APIC).
"Both the ACN lines will be down for one month," the source said.
Tongush’s month-long turnaround could add further upward pressure on prices, which have soared by more than $100/tonne to around $2,050/tonne CFR (cost and freight) Asia since early April.
"We have no inventories or spot availability," the source added.
Tongsuh is a fully-owned subsidiary of Asahi Kasei, a major Japanese ACN producer.
ICIS and The Chemical Daily have produced an official 84-page, special publication on Asian petrochemicals for the APIC event
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