02 December 2010 08:19 [Source: ICIS news]
SHANGHAI (ICIS)--China's Maoming Petrochemical is planning to shut its aromatics plant at Maoming in Guangdong province on 5 December for around 12 days of annual maintenance, a source close to the company said on Thursday.
The plant produces 240,000 tonnes/year of benzene, 140,000 tonnes/year of toluene and 105,000 tonnes/year of mixed xylenes, the source added.
Maoming Petrochemical is currently running its aromatics unit at around 30% capacity because of a feedstock shortage, which was caused by a shutdown at its upstream cracker, the source added.
The producer on 1 December took its 380,000 tonne/year No 1 cracker off line for a turnaround. The facility is located at the same site in Maoming.
“The shutdown [of the aromatics plant] would not have much of an impact on the market as players usually prefer to sell off their inventories at the end of the year,” a trader told ICIS in Mandarin.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections