Taiwan’s Nan Ya to bring forward No 4 MEG unit turnaround to April

21 March 2012 11:18  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwanese producer Nan Ya Plastics will bring forward a turnaround at its No 4 720,000 tonne/year monoethylene glycol (MEG) unit to late April from an original date of late June, a company source said on Wednesday.

“We decided to bring forward this turnaround to late April as some new equipment has already arrived,” the source said.

“The shutdown will last for around 40-50 days,” the source added.

As a result, the group’s supply to China will decrease in April, the source said wothout going into more detail.

Asia MEG prices were still softening at $981-990/tonne (€746-752/tonne) CFR (cost and freight) CMP (China Main Port ) on Wednesday amid high inventory at ports, according to ICIS.

Nan Ya Plastics has four MEG units with a combined capacity of 1.8m tonnes/year.

($1 = €0.76)

By: Judith Wang
+65 6780 4359

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