11 January 2013 03:43 [Source: ICIS news]
SINGAPORE (ICIS)--Asahi Kasei is running its two acrylonitrile (CAN) plants in Japan at a reduced rate of 70-80% because of weak demand, a company source said on Friday.
Its 150,000 tonne/year plant in Kawasaki is operating at around 70% of capacity, while its 200,000 tonne/year plant in Mizushima is running at a slightly higher rate of about 80%, the source said.
Asahi Kasei’s third ACN line with a 100,000 tonne/year capacity in Mizushima, on the other hand, has been shut since May 2012 with no definite restart date.
The company is a major ACN producer in Japan.
In the week ended 4 January, ACN prices were assessed at $1,800-1,850/tonne (€1,350-1,388/tonne) CFR (cost & freight) northeast (NE) Asia, up by about $50/tonne from the previous month, according to ICIS.
($1 = €0.75)
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