05 May 2011 08:40 [Source: ICIS news]
SHANGHAI (ICIS)--China-based Shanghai BASF Polyurethane Co (SBPC) is planning to shut its toluene di-isocyanate (TDI) and methyl di-p-phenylene isocyanate (MDI) plants at Caojing, Shanghai, for annual maintenance in late May, a company source said on Thursday.
The turnaround at the 160,000 tonne/year TDI plant is expected to last from 23 May to 19 June, while the 160,000 tonne/year MDI plant will be taken off line from 23 May to 12 June, the source said.
The producer is building up its inventories to meet its contract commitments during the shutdown period, industry sources said.
The shutdown at the TDI and MDI plants will not have much of an impact on the spot market, as downstream demand is weak and domestic supply is currently sufficient, industry sources said.
However, they added that the possibility of some market participants raising their offers cannot be ruled out.
BASF has a separate 240,000 tonne/year MDI unit at the same site.
The plants are part of an integrated isocyanates project at the Shanghai Chemical Industry Park.
SBPC is jointly owned by BASF, Shanghai Huayi Group and Sinopec Assets Management Corp.
Vikki Shen and Caroline Zhang contributed to the article
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|