10 May 2013 08:45 [Source: ICIS news]
SINGAPORE (ICIS) - China’s Shanghai Huayi Group plans to take its 500,000 tonne/year acetic acid plant in Wuwei, Anhui province, off line at the end June or early July for maintenance, a company source said on Friday.
The exact schedule and duration of the turnaround has yet to be fixed, the official said.
The Wuwei acetic acid plant is currently operating at an increased rate of 70-80% capacity this month, from 50-60% capacity in April, due in part to improved domestic acetic acid prices, he added.
Domestic acetic acid offers in eastern China were at yuan (CNY) 2,750-3,000/tonne ex-tank on 10 May on the back of a reduction in the supply overhang, from CNY2,650-,3000/tonne ex-tank in early April.
The producer is also building up stocks because its other 450,000 tonne/year acetic acid plant located at Wujing, Shanghai, is scheduled to shut for two weeks of maintenance at the end of May, the official added.
The Wujing acetic acid plant is currently running at 80-90% capacity, he added.
Major acetic acid producers in Asia include US-based Celanese, UK’s BP, China’s Jiangsu Sopo, Shanghai Wujing, Yankuang Cathay Coal Chemicals, Henan ShunDa Chemical, Hebei Yingdu Gasification Co, India’s Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Saudi Arabia’s Sipchem and Iran’s Fanavaran Petrochemical.
($1 = CNY6.13)
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