10 May 2013 07:13 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Jiangsu Sopo Chemical plans to restart operations at its 600,000 tonne/year acetic acid plant in Zhenjiang in Jiangsu province within this month, following an outage on 4 April, a company official said on Friday.
The company’s 600,000 tonne/year acetic acid plant has experienced several outages since March owing to persistent mechanical issues, according to the source.
Its other 400,000 tonne/year plant at the same site is unaffected, and the producer has restarted its smallest 200,000 tonne/year acetic plant on 13 April to make up for the shortfall from the prolonged outage at the biggest unit. The smallest unit had been idle since April 2011.
However, the company’s overall acetic acid supply will be largely unchanged after the restart of the 600,000 tonne/year plant, according to the official, because the 400,000 tonne/year and the smallest 200,000 tonne/year acetic acid plants will be taken off line at the same time.
“We plan to restart the biggest line this month but our overall production levels will not change much because the other two units will be shut at the same time,” the official said.
“Acetic acid prices only made moderate gains during our plant shutdown so we have to maintain the current supply/demand balance,” he added.
Domestic acetic acid offers in eastern China were at yuan (CNY) 2,750-3,000/tonne ($449-489/tonne) ex-tank on 10 May, versus CNY2,650-,3000/tonne ex-tank in early April.
($1 = CNY6.13)
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