17 May 2012 08:57 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Ningbo Mitsubishi Chemical early this week shut its 600,000 tonne/year purified terephthalic acid (PTA) unit at Ningbo, Zhejiang province, for a scheduled turnaround, a company source said on Thursday.
“The plant was shut early this week and will be off line for around three weeks,” the source said without providing further details.
Ningbo Mitsubishi has sufficient inventory to fulfil its contract commitments, the source added.
A market player told ICIS the shutdown should not have any impact on the spot market.
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