China’s Shanghai Huayi delays crude acrylic acid plant's turnaround

16 February 2012 09:39  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shanghai Huayi has delayed the planned shutdown of its 60,000 tonne/year acrylic acid (AA) No 1 plant because of rising prices of products at its downstream units, a company source said on Thursday.

The company had initially planned to take the AA plant off line on 15 February for 15 days but now it was not clear when will it be shut down, the source said.

The company had also planned to shut its 60,000 tonne/year butyl acrylate (butyl-A) plant and a 30,000 tonne/year ethyl acrylate (ethyl-A) plant at the same site after shutting its AA unit.

Butyl-A prices have been rising from early February and expected to remain firm in the near term, an east China market player said.

Spot prices of butyl-A were assessed at yuan (CNY) 13,400-13,500/tonne ($2,130-2,146/tonne) CFR (cost & freight) on 15 February, up by CNY600-800/tonne from 1 February, according to Chemease, an ICIS service in China.

($1 = CNY 6.29)

By: Lingjun Pan

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