China's Fushun Petrochemical shuts MEK unit for catalyst change

11 October 2012 05:24  [Source: ICIS news]

SINGAPORE (ICIS)--China's Fushun Petrochemical has shut its 30,000 tonne/year methly ethyl ketone (MEK) plant in Liaoning on 10 October for 25-30 days in order to replace a catalyst at the plant, a company source said on Thursday.

Chinese market sources said the lower supply, brought on by the shutdown, will likely help to support the Chinese domestic prices, which fell prior to the Mid-Autumn Festival and National Day holidays on 30 September-7 October.

''The downstream demand is still weak after the holiday but this will be offset by the lower supply,'' a Chinese trader said.

Chinese domestic prices in eastern China were at yuan (CNY) 9,100-9,200/tonne ($1,444-1,460/tonne) ex-tank on 10 October, up by CNY50/tonne at the low end of the range compared to the assessed prices in the week ended 28 September, according to Chemease, an ICIS service in China.

Fushun Petrochemical's second 25,000 tonne/year MEK line was shut in May for maintenance, but the plant has yet to resume production as a result of inadequate feedstock C4 supply, market sources said.

($1 = CNY6.30)

By: Yeow Pei Lin

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