China’s Yangzi-BASF to shut Jiangsu SM, downstream units in September

02 September 2011 06:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Yangzi-BASF is planning to shut its 120,000 tonne/year styrene monomer (SM) plant and its downstream 50,000 tonne/year expandable polystyrene (EPS) plant and 180,000 tonne/year polystyrene (PS) unit in Jiangsu from 6 September, a company source said on Friday.

The company will shut the plants for two weeks as part of a scheduled maintenance, the source added.

The producer will shut its SM plant on 6 September, and take off line its downstream EPS and PS plants two days later, according to the company source.

Yangzi-BASF requires 18,000 tonnes/month of SM to feed the downstream plants.

The company produces 10,000 tonnes/month of SM at its plant and purchases the remaining 8,000 tonnes/month from the spot market to meet its feedstock needs.

The shutdown will have a minimum impact on the market, traders said.

“We will stop purchasing spot SM cargo during the maintenance period,” the company source said.

Yangzi-BASF is a joint venture between China’s Sinopec and Germany’s BASF.

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By: Rita Wu



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