JAPAN DISASTER: Nippon Nyukazai keeps glycol ethers Kashima unit shut

23 March 2011 09:33  [Source: ICIS news]

SINGAPORE (ICIS)--Japanese glycol ethers producer, Nippon Nyukazai, was keeping its Kashima-based plant off line after it was shut following the devastating earthquake and tsunami on 11 March, industry sources said on Wednesday.

The company had taken off line its 30,000 tonnes/year unit, producing a range of glycol ethers with butyl glycol making up about 70-80% of production.

Nippon Nyukazai had started up this new unit around early January this year, sources added.

There were no definite dates about when production will be restarted.

Due to the shutdown butyl glycol supply from Japan was limited and it was putting upward pressure on prices in this region, said market participants.

BG prices in China and SE (south east) Asia were hovering at $1,930-1,970/tonne (€1,351-1,379/tonne) CFR this week, after rising by almost $200/tonne in the first quarter of 2011.

The second Japanese producer, Kyowa Hakko was heard to have shutdown its Yokkaichi-based plant for scheduled maintenance, and expected to restart it around end of April, said a trader.

There was no immediate comment from both the companies.

($1 = €0.70)

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By: Mahua Chakravarty
+65 6780 4359

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