01 April 2013 10:14 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zibo Qixiang Tengda Chemical restarted its 40,000 tonne/year methyl ethyl ketone (MEK) line in Qingdao on 30-31 March after fixing a technical problem that disrupted production for about 18 days, a company source said on Monday.
The Shandong-based company is planning to shut its second 70,000 tonne/year MEK facility in Zibo in the second week of April for about a month of scheduled maintenance, the source added.
The plant turnaround is unlikely to have any impact on the Chinese domestic market, which has been seeing a price decline in the past several weeks as a result of weak downstream demand, according to market sources.
“The Chinese market is suffering from a supply glut now. The shutdown may help to balance the market, but it is unlikely to cause any supply tightness,’’ a Chinese trader said.
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