02 November 2012 03:15 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan's China Petrochemical Development Corp (CPDC) will shut its 240,000 tonne/year acrylonitrile (ACN) plant in Kaohsiung, Taiwan, this weekend for maintenance, a company source said on Friday.
The plant will be shut for about two weeks, the source said.
“We are bringing forward the scheduled maintenance to early November because of power supply restrictions in the industrial area during this period,” the source said.
The plant was originally scheduled to shut on 10 November.
ACN spot prices in Asia have been falling because of weak demand and excess supply.
In the week ended 26 October, ACN spot prices were at $1,700-1,800/tonne (€1,309-1,386/tonne) CFR (cost and freight) northeast (NE) Asia, down by about $100/tonne from the previous month, according to ICIS.
($1 = €0.77)
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