Japan’s Mitsui Chemicals to shut Chiba phenol-acetone plant in July

22 June 2012 10:02  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Mitsui Chemicals will shut its phenol-acetone plant in Chiba on 4 July because of prevailing weak market conditions, a company source said on Friday.

The plant is a joint venture between Mitsui Chemicals and Idemitsu Kosan and can produce 230,000 tonnes/year of phenol and 138,000 tonnes/year of acetone.

The plant will remain off line until 18 July, the source said.

Mitsui Chemicals runs another phenol-acetone plant in Chiba, which can produce 190,000 tonnes/year of phenol and 114,000 tonnes/year of acetone. The plant will be running at full capacity, the sources added.

Phenol prices in China have fallen by over 15% from March levels to last assessment at $1250-1280/tonne (€1,000-1,024/tonne) CFR China on 15 June because of weak demand for the material.

($1 =€0.80)

By: Liu Xin
+65 6780 4359

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