China's Lanzhou Petrochemical shuts MEK plant for maintenance

19 October 2012 10:07  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Lanzhou Petrochemical has shut its 30,000 tonne/year methyl ethyl ketone (MEK) plant in Gansu province on 16 or 17 October for about 20 days of maintenance, a source close to the company said.

The producer is unlikely to have any cargoes to export until mid-November as a result of the shutdown, the source said.

Lanzhou Petrochemical also operates another 30,000 tonne/year unit in the same petrochemical complex.

Another Chinese producer, Fushun Petrochemical, took its 30,000 tonne/year plant in Liaoning province off line on 10 October for 25-30 days.

The reduced domestic supply, however, has been offset by weak downstream demand.

Reflecting the lacklustre domestic sales, prices in south China fell by yuan (CNY) 100/tonne ($16/tonne) to CNY9,300-9,500/tonne ex-tank in the week ended 19 October.  

($1 = CNY6.25)

By: Yeow Pei Lin

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