Japan’s Maruzen Petrochemical to shut MEK plant in November

26 October 2012 08:29  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Maruzen Petrochemical will shut its 170,000 tonne/year methyl ethyl ketone (MEK) facility at Chiba next month for slightly less than two weeks, a source close to the company said on Friday.

The shutdown dates are still being finalised but it is likely that the plant will halt operations some time in mid-November, the source said.

The company’s MEK  facility will have to stop production as some utilities facilities at its feedstock supplier Cosmo Oil’s complex, which houses the MEK plant, are scheduled to undergo maintenance, according to several market sources.

Maruzen Petrochemical is likely to lower its exports next month as a result of the reduced production but it is as yet unclear how much impact this is likely to have on prices.

“The downstream demand in Asia is overall weak. It is possible that Maruzen’s buyers will be able to cover the supply shortfall by buying from other producers,” a trader said.

By: Yeow Pei Lin

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