13 July 2012 17:56 [Source: ICIS news]
LONDON (ICIS)--Shell has restarted its 45,000 tonne/year methyl isobutyl ketone (MIBK) plant in Pernis, the Netherlands, following planned maintenance, a company source said on Friday.
Further details of the duration of the shutdown were unavailable
The European MIBK market is tight as a result of the maintenance and rumours of other production outages.
Players continue to talk of production problems from another European MIBK producer, though this could not be confirmed.
The tight supply has lead to expectation of price increases but this has been counterbalanced by falling feedstock costs and poor demand.
Consumption is weak because of bearish macroeconomic conditions. As a result, buyers have reduced inventories, increasing the impact of the production outages.
“Players are already running low on stock so it's keeping the supply tight. However prices aren't going up because of falling acetone costs and poor demand,” a distributor said.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections