China’s Shanghai Wujing ramps up acetic acid plant ops after restart

14 June 2013 04:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shanghai Wujing is gradually raising operating rates at its 450,000 tonne/year acetic acid plant located at Wujing, Shanghai, after its restart on 11 June following a turnaround, a company official said on Friday.

The exact operating rates were not disclosed.

The Wujing acetic acid plant was taken off line on 20 May for a turnaround and the plant was running at 80-90% capacity prior to the shutdown.

Domestic acetic acid offers in the Jiangsu region, eastern China, remained firm at yuan (CNY) 2,900-,3000/tonne ($473-489/tonne) ex-tank during the week ended 14 June, reflecting a CNY50/tonne week-on-week hike.

Prices were bolstered by limited spot availability as a result of plant outages and maintenance shutdowns since May.

However, further upsides may be capped as the supply tightness was expected to ease in the coming weeks whereas downstream demand conditions were largely unchanged, a local acetic acid producer said.

“Acetic Acid spot prices have been firming since mid-May but further increases may be limited because the snug supply situation may ease by next week since normal production has resumed at the affected acetic acid plants,” a Jiangsu-based producer said.

Major acetic acid producers in Asia include BP, Celanese, China’s Jiangsu Sopo, Shanghai Wujing, Yankuang Cathay Coal Chemicals and Taiwan’s Chang Chun Petrochemical.

By: Helen Lee
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly