Japan’s Mitsui to shut MIBK plant in October for maintenance

17 August 2009 15:45  [Source: ICIS news]

SINGAPORE (ICIS news)--Japan’s Mitsui Chemicals plans to shut its 30,000 tonne/year methyl isobutyl ketone (MIBK) plant in Iwakuni, Yamaguchi prefecture, for scheduled maintenance in October, a company official said on Monday.

"The plant will be shut from 9 October to 13 December," the official said, adding that there would be no more spot sales this month due to limited inventories.

Mitsui recently sold a 350-tonne cargo at $1,260/tonne (€882/tonne) CFR (cost and freight) Singapore for early September loading, the official said. However, this could not be immediately confirmed with the buyer.

The fixture represented a $60-110/tonne jump from assessed prices at $1,150-1,200/tonne CFR SE (southeast) Asia on 11 August, according to global chemical market intelligence service ICIS pricing.

($1 = €0.70)

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By: Peh Soo Hwee
+65 6780 4359

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