China's Zhejiang Yisheng shuts its No 2 PTA unit for one month

10 October 2012 08:59  [Source: ICIS news]

SINGPAORE (ICIS)--China's Zhejiang Yisheng Petrochemical shut its 650,000 tonne/year No 2 purified terephthalic acid (PTA) plant at Ningbo in Zhejiang province on 10 October afternoon, a company source said on Wednesday.

"We started to lower operating rate from yesterday," the source added.

The plant will be shut for about one month and will restart in mid-November, the source said,  

The reason for the unplanned shutdown was likely the persistently squeezed margins among PTA producers, market sources said.

By: Yu Guo
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly