NewsFlashMaoming shuts down SM, MEG lines

04 June 2008 06:18  [Source: ICIS news]

Maoming shuts crackers and other derivative plants after fire.By Brian Myung

 

SINGAPORE (ICIS news)--Sinopec subsidiary Maoming Petrochemical has shut down its styrene monomer (SM) and monoethylene glycol (MEG) plants on feedstock supply cut off from the two crackers which have been shut due to a fire, a source from the company said on Wednesday.

 

"Following the shutdown of our crackers, we had to shut our SM and MEG plants but they are only expected to be down for a few days," the source added in Mandarin.

The company expected its 100,000 tonne/year SM plant to be down for the next four days. The shutdown was heard to have had a temporary but big impact in Huanan's SM markets.

 

The 120,000 tonne/year MEG line was also expected to be down for the next four days, but there were no reactions in the market yet.

 

On top of the two shutting both its crackers with a combined capacity of more than 1m tonne/year, Maoming Petrochemical has also shut its polymer and olefin lines, including a low density polyethylene (LDPE), high density polyethylene (HDPE) and a butadiene (BD) plant.

 

Sinopec’s  Shanghai branch has lifted BD prices by yuan (CNY) 500/tonne to CNY 20,000/tonne ($2,886/tonne) ex-works in east China this morning, a company source said.

 

Southern China’s aromatics market has heard offers for toluene and solvent grade xylene at yuan (CNY)10,400-10,500/tonne ex-tank ($1501-1515/tonne), up CNY200/tonne and CNY100/tonne respectively from Tuesday’s close, according to ICIS pricing and CBI.

 

 

For more on SM, MEG visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to
ICIS connect


By: Brian Myung
65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index