S Korea’s Taekwang may bring forward Ulsan ACN plant turnaround

31 January 2011 03:13  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Taekwang Industrial may bring forward the turnaround at its 250,000 tonne/year acrylonitrile (ACN) plant in Ulsan to 14 February, on expectations of a surge in demand, a company source said on Monday.

“We have not decided yet, but we may start the turnaround one week earlier as we expect demand to pick up after the Lunar New Year,” the source said.

Taekwang Industrial had originally planned to shut the ACN plant on 20 February for three weeks of maintenance.

ACN spot prices were assessed at $2,400–2,450/tonne (€1,776–1,813/tonne) CFR (cost & freight) northeast (NE) Asia in the week ended 28 January, up by more than $150/tonne since late December 2010, ICIS data showed.

($1 = €0.74)

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By: Helen Yan
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