China's Lanzhou Petrochemical to shut MEK plant in end-June
15 June 2012 10:13 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Lanzhou Petrochemical plans to shut its 30,000 tonne/year methyl ethyl ketone (MEK) plant in Gansu province at the end of June for about 40 days of maintenance, market sources said on Friday.
There is no restart date yet for the company’s second 30,000 tonne/year line that was shut in the second half of April for a turnaround, they said.
“It is not certain if the line that is now shut will resume production. It depends on the company’s feedstock situation," a Chinese participant said.
The shutdowns are unlikely to have any significant impact on the Chinese domestic market because of the persistently weak downstream demand, traders said.
Domestic MEK prices in China continue to drop this month despite a spate of maintenance shutdowns at Chinese facilities. Prices in east China were at around yuan (CNY) CNY7,800-8,000/tonne ($1,224-1,256/tonne) ex-tank on 15 June, down by CNY500-550/tonne from a week earlier.
($1 = CNY6.37)By: Yeow Pei Lin
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