China’s Shanghai Wujing to shut acetic acid line from 15 February

14 February 2011 06:19  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shanghai Wujing plans to shut its 550,000 tonne/year acetic acid plant on 15 February for a week-long scheduled maintenance, a company source said on Monday.

The plant is located in Wujing, Shanghai.

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 China’s domestic acetic acid prices since late November last year.

“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 China gained CNY100/tonne week on week to CNY2,750-3,100/tonne on 11 February, according to ICIS data.

Major acetic acid producers in China include Celanese, BP, Jiangsu Sopo, Yankuang Cathay Coal Chemicals, Henan ShunDa Chemical and Hebei Chung Shun Chemical.

($1 = CNY6.59)

To discuss issues facing the chemical industry go to ICIS connect

By: Helen Lee
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly