19 June 2012 08:31 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Yanchang Petrochemical shut its 120,000 tonne/year styrene monomer (SM) plant on 16 June, but the move has had little impact on the market, sources said on Tuesday.
The company’s SM unit at Yanchang, in Shaanxi province, was shut for a scheduled maintenance turnaround that will last for 60 days, a company source said.
The unit usually runs at 50% capacity and produces around 4,000–5,000 tonnes/month of SM.
The company has suspended contractual and spot supply during the shutdown, the source added.
“The reduced supply is not expected to push up prices as demand in northwest China remains weak,” market sources said.
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