01 June 2011 11:09 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Zhenhai Refining and Chemicals Co (ZRCC), a subsidiary of Sinopec, shut down its 165,000 tonne/year butadiene (BD) unit on Wednesday because of mechanical issues, a company source said.
The shutdown will last at least seven days, the source said.
BD supply in eastern China may tighten because of the shutdown, market sources said.
Spot BD prices have increased by around CNY7,000/tonne ($1,080/tonne) ex-tank from early this year to the CNY23,000/tonne on Wednesday, according to Chemease, an ICIS service.
ZRCC's upstream 1m tonne/year naphtha cracker will run normally during the shutdown of the BD unit, the company source said.
Additional reporting by Amanda Zhang
($1 = CNY6.48)
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