China’s Jilin Petrochemical shuts acrylic acid plant for turnaround
28 May 2012 07:03 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Jilin Petrochemical has shut its 35,000 tonne/year acrylic acid (AA) and 30,000 tonne/year downstream butyl acrylate (BA) plants in Jilin province on 26 May for scheduled maintenance, a company source said on Monday.
The turnaround will last for 45 days, the source said.
The shutdown is unlikely to have a significant impact on the market as its capacity is relatively small, a market player said.
AA and BA prices are softening due to bearish buying sentiment as a result of weak downstream demand, the market player added.
Spot prices of AA and BA in east China were at yuan (CNY) 10,800-11,000/tonne ($1,703-1,735/tonne) DEL (delivered) and CNY12,800-13,000/tonne DEL respectively on 25 May, according to data from Chemease, an ICIS service in China.
($1 = CNY6.34)By: Yoyo Liu
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