30 June 2010 09:14 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan's Teijin Chemicals plans to shut its 130,000 tonne/year polycarbonate (PC) plant in Zhejiang, China, in mid-September for an annual maintenance turnaround, a source close to the company said on Wednesday.
The plant would be taken off line on 15 September for one month, the source added.
Teijin was also mulling a turnaround of its 130,000 tonne/year plant in Matsuyama, Ehime prefecture, Japan, in July or August, according to an earlier ICIS report.
The impending shutdowns were expected to tighten spot supply, said market players.
However, the shutdowns were not likely to have a major impact on spot prices as the operating rates at regional PC plants were hovering at high levels, they said.
Furthermore, demand for PC had slowed down amid concerns over the eurozone debt crisis and monetary tightening in China, they added.For more on polycarbonate, visit ICIS chemical intelligence
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