10 February 2009 03:42 [Source: ICIS news]
SINGAPORE (ICIS news)--Japanese aromatics producer Nippon Oil has shut down its Mizushima-based toluene disproportionation (TDP) unit for an indefinite period due to poor margins, said a company source late on Monday.
The unit producing 15,000tonnes/month of benzene and 15,000 tonnes/month of mixed xylenes was taken off line at the start of this year as feedstock toluene values were higher than benzene, he said.
Nippon Oil has no immediate plans to restart the unit as this would depend on the state of production margins, the source added.
Toluene prices in ?xml:namespace>
Currently, toluene prices in Asia at $595-610/tonne (€464-476/tonne) FOB (free on board)
($1 = €0.78)
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