Japan's Idemitsu Kosan MEK plant in Tokuyama shut for maintenance

20 September 2012 11:39  [Source: ICIS news]

SINGAPORE (ICIS)--Idemitsu Kosan’s 40,000 tonne/year methyl ethyl ketone (MEK) plant at Tokuyama in Japan’s Yamaguchi prefecture is currently shut for maintenance, a company source said on Thursday.

The plant was taken off line on 15 September and is expected to resume operation on 5 November, the company source said.

The company will reduce its exports in October from around 1,000 tonnes/month to less than 500 tonnes, a source close to the company said.

“They [Idemitsu Kosan] have the option not to export next month if prices are not attractive. They can focus on domestic sales,” the source said.

MEK spot prices in northeast Asia were at $1,325/tonne (€1,020) CFR (cost and freight) NE (northeast) Asia in the week ended 14 September, up by $10-20/tonne on the back of high feedstock naphtha costs, ICIS data showed.

($1= €0.77)

By: Yeow Pei Lin

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