10 August 2010 09:13 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s China Petrochemical Development Corp (CPDC) has shut a 95,000 tonne/year acrylonitrile (ACN) line on 8 August and plans to take off line another 95,000 tonne/year line on 18 August for maintenance, a company source said on Tuesday.
“Both lines will be down for about five days,” the source added.
CPDC runs two ACN lines with a combined capacity of 190,000 tonnes/year in Kaohsiung, Taiwan.
The brief five-day turnaround would not have any significant impact on prices - which had tumbled $250/tonne since early July - as supply exceeds demand, market sources said.
Meanwhile, ACN spot prices fell to $1,950-2,000/tonne (€1,482-1,520/tonne) CFR (cost and freight) northeast (NE) Asia last week, down from $2,200-2,250/tonne CFR NE Asia in early July, according to ICIS data.
($1 = €0.76)
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