19 November 2008 04:37 [Source: ICIS news]
SINGAPORE (ICIS news)--Shanghai Wujing Chemical Co raised its acetic acid operating rate marginally by nine percentage points to 54% of its combined 550,000 tonne/year capacity, following a stabilising of Chinese domestic acetic acid values, a company official said on Wednesday.
At the same time, it shut its 250,000 tonne/year No 1 line, bringing the operating rate to 54%, the company official said in Mandarin.
“We do not have any firm plans on the duration of the shutdown of the No 1 line,” he added.
Major acetic acid producers in Asia include Celanese, BP, CPDC, Jiangsu Sopo, Daicel Chemical Industries, Showa Denko and GNFC.
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