18 March 2013 09:43 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec Baling plans to shut down its 130,000 tonne/year caprolactam (capro) line on 19 March for maintenance, a company source said on Monday.
The source could not confirm how long the maintenance will last.
Some market players do not consider it a routine maintenance as the plan was announced suddenly on Monday.
Market prices of capro have decreased to yuan CNY 19000-19300/tonne since early March due to weak downstream demand, market sources said.
Sinopec Baling has three capro lines with total capacity of 300,000 tonnes/year, and its daily output has been raised to over 800 tonnes previously, one market player said.
The other two lines have a capacity of 70,000 and 100,000 tonne respectively.
Sales pressure is larger than it used to be, especially in the bearish market, the market player added.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections