19 February 2010 03:24 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s Taekwang Industrial will shut down its 250,000 tonne/year acrylonitrile (ACN) plant in Ulsan on 20 February for annual maintenance, the producer said on Friday.
“We will shut the plant tomorrow for around 20 days until 10 March for maintenance,” the producer said.
The planned shutdown is expected to exacerbate the current tight market, which has seen prices rising rapidly in the past month.
Asia ACN prices have surged by $300/tonne (€219/tonne) to $2,150-2,200/tonne CFR (cost and freight) northeast (NE) Asia since mid-January, according to global chemicals market intelligence service, ICIS pricing.
($1 = €0.73)For more on ACN visit ICIS chemical intelligence
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