17 May 2013 09:41 [Source: ICIS news]
BRISBANE (ICIS)--Japan’s Mitsubishi Rayon Co (MRC)’s methyl methacrylate (MMA) units are running close to 100% after recovering from an outage on 13 April, a company said on Friday.
The company’s two 55,000 tonne/year butane-based lines were restarted in end April to early May while its 107,000 tonne/year acetone cyanohydrin-based MMA line was restarted early this week, he added.
Operations at all three lines in Otake was halted due to a lightning strike on 13 April, he said.
The shutdown had caused MRC’s a production loss of more than 15,000 tonnes of MMA, the source said.
MRC had the support from its South Korean subsidiary’s Daesan MMA to prevent a disruption of supply to customers, the source said.
Meanwhile, market players estimated that this incident had deflated the high inventory levels in Japan’s market.
MRC estimated that inventories by end April should be around 26,000/tonnes, 12,000 tonnes less month on month.
Japan’s MMA inventory in March were at around 32,833 tonnes, according to data by Japan Petrochemical Industry Association (JPCA).
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