29 March 2011 19:45 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Louisiana-based Cornerstone Chemical will shut down its acrylonitrile (ACN) unit in May for planned maintenance, sources said on Tuesday.
Cornerstone, formerly Cytec Industries before it was sold to HIG Capital, will take down its 227,250 tonne/year ACN plant in Fortier for the month of May.
Maintenance will be carried out on the facility’s computer systems, the trader said on the sidelines of the International Petrochemical Conference (IPC).
With the unit down, supply is expected to tighten further in an already tight market, boosting prices to continuing record highs.
Currently, ACN out of the US Gulf is assessed by ICIS at $2,650-2,700/tonne (€1,882-1,917/tonne) FOB (free on board).
($1 = €0.71)
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