South Korea's SK Energy to shut Ulsan reformers for turnaround

24 August 2012 08:22  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s SK Energy will shut its Ulsan-based reformers, which have a estimated annual capacity of 820,000 tonnes of toluene and 470,000 tonnes of benzene, for a scheduled turnaround on 3-4 October, a company source said on Friday.

The turnaround is expected to last for around 30 to 45 days, the source added.

The shutdown at the unit is expected to weigh further on the existing tight benzene and toluene supply situation in northeast Asia, according to market participants.

Some market participants believe that the tightening prompt supply issue would support hikes in benzene and toluene prices, while others said that downstream demand for both benzene and toluene was still tepid and would not justify any significant price increases.

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By: Jasmine Khoo
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