Korea’s Kumho eyes May turnaround at MIBK plant

01 February 2011 03:56  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Kumho P&B Chemicals is expected to shut its 30,000 tonne/year methyl isobutyl ketone (MIBK) plant in Yeocheon for a turnaround in May, a company official said on Tuesday.

“The plant will be shut for around two weeks,” he said, without providing further details.

It was too early to assess the impact of the plant turnaround on the MIBK market but producers were eyeing price hikes for March shipments after the Lunar New Year holidays in early February.

Spot MIBK prices were hovering at $1,750-1,770/tonne (€1,278-1,292/tonne) CFR (cost and freight) China, up $20/tonne on the week, according to data from ICIS pricing.

($1 = €0.73)

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By: Peh Soo Hwee
+65 6780 4359

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