Malaysia’s BASF PETRONAS to shut Kuantan BDO plant in April

28 February 2012 05:15  [Source: ICIS news]

SINGAPORE (ICIS)--BASF PETRONAS Chemicals plans to shut its 100,000 tonne/year butanediol (BDO) plant at Kuantan in Malaysia in the second week of April for two weeks of maintenance and equipment checks, a company source said on Tuesday.

During the shutdown, BASF PETRONAS Chemicals will have enough BDO stock for its contract and spot customers, the source added.

However, BDO prices are expected to rise as several traders said they sold bulk-based cargoes at $2,600/tonne (€1,950/tonne) CFR (cost and freight) CMP (China Main Port) on 28 February.

BDO prices were at $2,500-2,550/tonne CFR CMP on 21 February, according to ICIS.

($1 = €0.75)

By: Quintella Koh
+65 6780 4372

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