Sinopec SABIC Tianjin Petrochemical shuts phenol/acetone unit

24 August 2012 10:32  [Source: ICIS news]

SINGAPORE (ICIS)--Sinopec SABIC Tianjin Petrochemical’s 350,000 tonne/year phenol/acetone unit at Binhai in China is currently shut for maintenance, a source close to the company said on Friday.

The plant was taken off line as scheduled on 22 August and will remain down until 4 October, the source said.

Market sources were earlier expecting an increase in domestic phenol prices because of tightened supply following the shutdown.

But domestic prices for phenol were largely unchanged this week at yuan (CNY) 11,000/tonne ex-tank because of weak demand, they said.

($1 = CNY6.35)

By: Liu Xin
+65 6780 4359

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