China’s Yangzi PC to shut Nanjing cracker for July turnaround

25 May 2012 08:20  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Yangzi Petrochemical, a subsidiary of Sinopec, plans to shut its 650,000 tonne/year naphtha cracker in Nanjing for scheduled maintenance in mid-July, sources close to the company said on Friday.

The cracker is expected to be off line for around 50 days, they added.

As this is a planned shutdown, there was no evident impact on the ethylene market, which remained on the downtrend this week.

Ethylene daily spot prices slumped $40-70/tonne (€32-56/tonne) to $1,050-1,060/tonne CFR (cost and freight) northeast Asia on Thursday as ample supply exerted downward pressure on the market, according to data from ICIS.

($1 = €0.80)

By: Peh Soo Hwee
+65 6780 4359

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