06 June 2012 16:14 [Source: ICIS news]
LONDON (ICIS)--BASF is to bring forward a scheduled maintenance shutdown at its fatty alcohols plant in Dusseldorf, Germany, a number of market participants said on Wednesday.
The company declined to comment, however, adding that shutdowns were part of regular operations and that "supply reliability is secured.”
Sources in the market suggest the shutdown will now take place in July for around three weeks. It is not know when the shutdown was originally planned for.
Many believe the scheduled shutdown could have been brought forward after a period of low demand for fatty alcohols from end users in Europe, who continue to show increasing concern over the macro-economy.
Participants also believe the shutdown could also have been timed to coincide with the start of the third-quarter, when demand is at its lowest point in the year.
“As well as demand remaining at low levels, the shutdown may have been brought forward to coincide with the lower demand levels traditionally seen in Europe during the quiet summer months,” one buyer said.
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