China's Zibo Qixiang shuts MEK plant for catalyst change

15 November 2012 04:27  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Zibo Qixiang Tengda Chemical shut its 70,000 tonne/year methyl ethyl ketone (MEK) plant in Zibo, Shandong province, on 14 November, lasting up to 10-15 days, for a catalyst change, a company source said on Thursday.

The shutdown involved 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.

A separate company source, however, said Zibo Qixiang has shut only the 30,000 tonne/year line.  

Chinese domestic prices fell in the week despite news of the shutdown.

Domestic sales have slowed down as buyers typically minimise their inventories at the end of their fiscal year, which falls on December for most Chinese companies, Chinese sources said.

Prices in east China were at yuan (CNY) 8,850-9,000/tonne ($1,421-1,445/tonne) ex-tank on 14 November, down by CNY50-100/tonne from the prices on 9 November, according to Chemease, an ICIS service in China.

Zibo Qixiang, which is the largest MEK producer in China, also has a second 80,000 tonne/year in Qingdao in Shandong province.

($1 = CNY6.23)

By: Yeow Pei Lin

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