20 June 2013 06:34 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Lanzhou Petrochemical has implemented a shutdown plan for its 60,000 tonne/year methyl ethyl ketone (MEK) plant in Gansu province this week because of a shortage of feedstock C4, a source close to the company said on Thursday.
The two 30,000 tonne/year lines at the plant will take turns to shut for a week each, starting 17 June, the source said.
The reduced output is unlikely to have a major impact on the Chinese domestic market as the downstream operating activity typically slows down from late June till August, Chinese traders said.
Domestic MEK prices in east China were at yuan (CNY) 7,850-7,900/tonne ($1,280.58-1,288.74/tonne) ex-tank on 19 June, down by CNY100/tonne from prices on 14 June.
($1 = CNY6.13)
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