11 December 2009 11:17 [Source: ICIS news]
SINGAPORE (ICIS news)--Zibo Qixiang Petrochemical Industry Group Co plans to restart its 80,000 tonne/year methyl ethyl ketone (MEK) plant – China’s largest – at Qingdao, in Shandong province, over the weekend of 12-13 December, a company source said on Friday.
The unit was shut at the end of November for a scheduled catalyst change.
MEK prices have increased by $30-50/tonne (€20-34/tonne) since the beginning of December, according to global chemical market intelligence service ICIS pricing.
Buyers said the price increase was driven by firm feedstock costs, and not due to the shutdown of Zibo Qixiang’s plant.
Zibo Qixiang also runs a 20,000-30,000 tonne/year MEK plant in the same province.
MEK is an organic solvent used in the coatings, adhesives and printing ink industries.
($1 = €0.68)
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