S Korea’s Capro Corp shuts caprolactam plant for maintenance

06 October 2010 09:25  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s sole caprolactam producer Capro Corp shut down its 270,000 tonne/year plant in Ulsan on 3 October for 1 to 2 weeks of scheduled maintenance, a company source said on Wednesday.

The plant, which includes two 60,000 tonne/year lines and a third line with a capacity of 150,000 tonnes/year, would restart around mid-October, the source said, adding that the units would have different restart dates.

The company had already built up its caprolactam inventories ahead of the shutdown, the source said.

Tight supply amid turnarounds at regional plants could see caprolactam prices firming up in Asia, the source added.

Caprolactam prices were assessed $10/tonne (€7.20/tonne) higher week-on-week on the lower end, at $2,590-2620/tonne CFR China on 29 Sept 2010.

Other key caprolactam producers in Asia include Japan’s Ube Industries, Sumitomo Chemical and Taiwan’s China Petrochemical Development Corp (CPDC).

($1 = €0.72)

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By: Junie Lin

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