14 February 2011 06:19 [Source: ICIS news]
The plant is located in Wujing,
The company also operates a 250,000 tonne/year plant that completed a month-long turnaround in early January, at the site.
Shanghai Wujing delayed the turnaround of the bigger unit from January to take advantage of the strong domestic market, the source said.
Shutting down operations at the plant for a week translates to about 5,000 tonnes of output loss, the source said.
“They [Shanghai Wujing] are one of the biggest domestic suppliers. Acetic acid supply this month is likely to tighten further and support the firming price trend,” a Jiangsu-based acetic acid producer said in Mandarin.
Production issues at a number of regional plants last month, as well as higher exports to Europe tightened the supply in Asia, which arrested the downward spiral in
“We are looking to raise domestic ex-tank prices by yuan (CNY) 100-200/tonne ($15.2-30.4/tonne) this week,” said the Shanghai Wujing source.
Ex-tank transactions in eastern
Major acetic acid producers in
($1 = CNY6.59)
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