Japan’s Asahi Kasei to extend turnaround of Kawasaki ACN line

29 October 2012 04:20  [Source: ICIS news]

SINGAPORE (ICIS)--Major acrylonitrile (ACN) producer, Japan’s Asahi Kasei, will extend the shutdown of its 150,000 tonne/year line at Kawasaki, Japan, by another week to mid-November because of weak market conditions, a company source said.

“Our original maintenance schedule was to restart the Kawasaki line in early November, but we will extend the turnaround by another week to mid-November because of poor market conditions,” the source said.

The plant was shut in early October for maintenance.

Its other 200,000 tonne/year line at Mizushima will continue to run at a reduced rate of 70% capacity in November. It was running at this same rate in October.

ACN prices have been under downward pressure because of ample supply and weak demand, industry sources said.

ACN prices were at $1,700-1,800/tonne (€1,309-1,386/tonne) CFR (cost & freight) northeast (NE) Asia in the week ended 26 October, down by about $100/tonne from the previous month, according to ICIS.

($1 = €0.77)

By: Helen Yan
+65 6780 4359

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