09 November 2012 08:49 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zibo Qixiang Tengda Chemical plans to shut its 70,000 tonne/year methyl ethyl ketone (MEK) plant in Zibo, Shandong province, in mid-November for at least seven days for a catalyst change, a company source said on Friday.
The shutdown is likely to affect the entire plant, which has two lines with a nameplate capacity of 30,000 tonnes/year and 40,000 tonnes/year, respectively, the source said.
Chinese traders expect the production halt at Zibo Qixiang to counterbalance the weakness in domestic consumption.
“It is difficult to increase (domestic) prices because demand is weak but sellers will likely be able to maintain prices at the current levels,’’ a trader said.
Zibo Qixiang, which is the largest MEK producer in China, also has a second 80,000 tonne/year in Qingdao in Shandong province.
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