22 March 2013 06:47 [Source: ICIS news]
SINGAPORE (ICIS)--China's Shanghai Secco Petrochemical has restarted its 260,000 tonne/year Acrylonitrile (ACN) unit in Jinshan on 21 March after a brief turnaround, a company source said on Friday.
The unit was running at full capacity before the shutdown, which started on 18 March, the source added. The current operating rate was not immediately known.
The 260,000 tonne/year unit consists of two separate 130,000tonnes/year lines.
One of the lines was shut down for regular maintenance on 18 March but the other was taken off line due to a mechanical issue on the same day, the source said.
Shanghai Secco has started building a second 260,000tonne/year unit at the same site from mid-March, which is expected to be started up in 2014, according to the company source.
Meanwhile, as a result of the retsart of the two lines ACN supply will increase from next week, which will put further downtrend pressure on the prices amid soft domestic market, one source said.
The domestic ACN market was sluggish because of the weak demand from the downstream users especially in acrylonitrile-butadiene-styrene(ABS) sectors, the market source added.
The ACN prices were assessed at CNY13,800-13,900/tonne ($2,218-2,235/tonne) ex-tank east China on 21 March, down by CNY 600-700/tonne compared with the prices last Friday, according to Chemease, an ICIS service in China.
($1 = CNY6.22)
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