Japan's Idemitsu Kosan to shut Tokuyama MEK plant in September

25 June 2012 04:12  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Idemitsu Kosan will shut its 40,000 tonne/year methyl ethyl ketone (MEK) plant in Tokuyama, Yamaguchi prefecture in mid-September for about 50 days of maintenance, a source close to the company said on Monday.

The company may have limited quantities for export in July and August ahead of the turnaround, the source said.

Idemitsu typically exports 1,000 tonnes of MEK per month.

Traders do not expect the turnaround to have any impact on regional prices because of weak demand in markets in South Korea and southeast Asia.

The sharp fall in upstream naphtha prices last week dampened sentiment further, traders said.

“Buyers are unwilling to buy bulk cargoes now because they are afraid that feedstock costs may drop further,” a northeast Asian trader said.

By: Yeow Pei Lin

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