19 January 2011 09:00 [Source: ICIS news]
GUANGZHOU (ICIS)--China’s Dalian West Pacific Petrochemical (WEPEC) will suspend all exports in March because of a maintenance shutdown at its refinery in Dalian, Liaoning province, a C1 Energy report quoting a company source said on Wednesday.
The export-oriented refiner would begin a 40-day turnaround at its 200,000 bbl/day refinery and downstream facilities on 25 February, according to C1 Energy, an ICIS service in China.
WEPEC in 2010 exported a monthly average of 80,000 tonnes of naphtha, 90,000-130,000 tonnes of gasoline, 30,000 tonnes of jet fuel, 10,000 tonnes of diesel and 3,400 tonnes of methyl tertiary butyl ether (MTBE), it added.
The company has already begun cutting its exports for January and February, in preparation of the shutdown, according to the report.
Market sources told ICIS the move would tighten the supply of those products in Asia, but its impact would be limited since March is not a peak demand season.
WEPEC mainly exports its products to the Asian region, particularly to South Korea, Japan and Singapore.
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