08 April 2009 11:13 [Source: ICIS news]
SINGAPORE (ICIS news)--China’s Shanghai Wujing Chemical Co has reduced operating rates to around 36% at its Wujing-based 300,000 tonne/year No 2 acetic acid line this week due to a continued shortage of the feedstock carbon monoxide (CO), a company official said on Wednesday.
"Our daily output is down to around 300 tonnes due to problems at our CO supplier’s (Shanghai Coking & Chemical Corp) facility," the official said.
The reduction in capacity represented a 63% drop from late-March levels, when the daily output was around 800 tonnes.
The company had said that it planned to resume full production at the No 2 acetic acid line at the end of March after running it at reduced rates since early March.
The company’s 250,000 tonne/year No 1 line, located at the same site, has been shut since mid-November due to poor market conditions.
Spot acetic acid prices in Asia hit fresh highs and were supported by the recent reduced output.
Major acetic acid producers in China include Celanese, BP Yaraco, BP YPC Acetyls Co (Nanjing) Ltd, Jiangsu Sopo, Yankuang Cathay Coal, Daqing Oilfield Chemical Industrial Group and Shandong Hualu Hengsheng Chemical Co.
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