China’s BASF-YPC shuts BD unit for 18 days of maintenance
16 April 2012 09:52 [Source: ICIS news]
SINGAPORE (ICIS)--BASF-YPC, a key butadiene (BD) producer in ?xml:namespace>China, shut its 110,000 tonne/year BD unit in Nanjing for 18 days of maintenance on 16 April, a source close to the company said on Monday.
The BD supply in China may be reduced because of the shutdown, but there is ample supply of BD in the Chinese domestic market in April, a market player said.
Sinopec’s BD offers on 16 April were at yuan (CNY) 25,000/tonne ($3,968/tonne) EXW (ex-works), down by CNY 1,000/tonne from 15 April, according to Chemease, an ICIS service in China.
BASF-YPC is a joint venture between German chemical major BASF and China’s Sinopec, with each company holding a 50% stake.
($1 = CNY6.30)By: Maggie He
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