China's Changzhou Shuguang Chemical Factory to shut MA plant

28 September 2012 10:50  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Changzhou Shuguang Chemical Factory shut its 30,000 tonne/year maleic anhydride (MA) plant at Jiangsu province on 27 September because of rising domestic feedstock benzene prices and weak domestic MA demand, a company source said on Friday.

The company had informed their customers of the shutdown and had build up sufficient cargo to supply to their customers until 8 October, the source said.

The company will assess the viability of restarting the MA plant based on the market situation for MA and its feedstock benzene after China’s week-long holiday, the source added.

There is no fixed date for resumption of operations at the moment, the source said.

By: Hazel Goh

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