Sinopec, SABIC to shut Tianjin phenol-acetone plant on 26 Aug

23 August 2010 08:47  [Source: ICIS news]

SINGAPORE (ICIS)--Petrochemical giants Sinopec and SABIC plans to shut its phenol-acetone facility in Tianjin, China, on 26 August for maintenance, a source close to the company said on Monday.

The plant, which has a nameplate capacity of 220,000 tonnes/year of phenol and 130,000 tonnes/year of acetone, would remain off line till 15 September, the source said, without disclosing the reason for the shutdown.

The impact of the shutdown was uncertain given prevailing weak market fundamentals, the source said.

Spot phenol prices softened $25-40/tonne week-on-week to $1,670-1,780/tonne CFR (cost and freight) China on 20 August, according to ICIS assessment.

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By: Liu Xin
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