14 August 2012 07:29 [Source: ICIS news]
The company was running the two lines at a lower rate of 75% capacity in July as it had sufficient inventory for downstream users and traders.
“We plan to increase the operating rates to balance the supply and demand in August because earlier inventory has been used up now,” the source said.
However, the producer’s 106,000 tonne/year No 1 and 120,000 tonne/year No 4 lines have remained shut because downstream demand has been weak. The two lines were shut for annual maintenance in June.
The restart date for its No 1 line will depend on the start-up of the new 200,000tonne/year downstream acrylonitrile-butadiene-styrene (ABS) plant located in
Jilin Petrochemical plans to restart the No 1 line in the second half of September to prepare for the new ABS plant, but the source didn’t disclose the exact date.
The fourth line will remain shut for the rest of 2012 as the company’s second new 200,000tonne/year ABS plant will not start up this year, the source added.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections