28 June 2010 11:13 [Source: ICIS news]
SINGAPORE (ICIS news)--BASF plans to take its toluene diisocyanate (TDI) joint venture in China off line on 4 July for 2-3 weeks of minor maintenance, a source at the the German chemical major said on Monday.
The 160,000 tonne/year unit at Caojing, Shanghai Chemical Industry Park (SCIP) would be shut primarily due to a fault in the upstream facilities on 18 June, the source said.
He added that taking this opportunity, the shutdown period was extended to at least two weeks so that some minor maintenance could be done.
Shanghai BASF Polyurethanes is a joint venture among BASF, Sinopec Shanghai Gaoqiao Petrochemical, and the Shanghai Huayi Group, and the TDI unit was part of an integrated isocyanates complex at SCIP.
BASF nominated the July contract price at $2,700/tonne (€2,187) CFR China Main Port (CMP)/Hong Kong. The July offer in the China domestic market was at yuan (CNY) 23,000/tonne DEL east China for drummed material.
($1 = €0.81)
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