China’s Shanghai SECCO shuts ACN plant for around a month

02 August 2011 10:32  [Source: ICIS news]

SHANGHAI (ICIS)--China’s Shanghai SECCO Petrochemical on Tuesday shut its 260,000 tonne/year acrylonitrile (ACN) plant for regular maintenance, a source close to the company said on Tuesday.

The plant was shut early on 2 August and is expected to be restarted on 29 August, the source added.

The shutdown at SECCO’s ACN plant may boost market prices owing to the tight supply in August. However, demand is still weak, which will limit the impact on the market, a market player said.

The ACN plant, which houses two 130,000 tonne/year lines, is located at Shanghai Chemical Industry Park.

Shanghai SECCO is a joint venture company, with Sinopec holding a 30% stake, China’s Shanghai Petrochemical with 20% and largest shareholder UK’s BP having a 50% stake.

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By: Dolly Wu
+65 6780 4359

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