19 July 2013 03:48 [Source: ICIS news]
SINGAPORE (ICIS)--China’s BP YPC Acetyls Co (BYACO) is currently operating its 500,000 tonne/year acetic acid plant in Jiangsu province at a reduced capacity of 60-70% because of unspecified mechanical issues, a company official said on Friday.
The plant in Nanjing has been experiencing some minor issues since operations resumed on 11 July following a 40-day turnaround, the official said.
Prior to the shutdown, the plant was operating at 80% of capacity, the official said.
“The issues are minor and we expect them to be resolved by next week,” the official said.
China’s domestic acetic acid market is unlikely to be significantly affected by BYACO’s production issues because of overall softness in demand, the company official said.
Acetic acid ex-tank transactions in Jiangsu province declined to yuan (CNY) 2,730/tonne ($445/tonne) on 19 July, down CNY20/tonne from the previous week, according to local market players.
Major acetic acid producers in China include Celanese, Jiangsu Sopo, Shanghai Wujing, Yankuang Cathay Coal Chemicals, Henan ShunDa Chemical and Hebei Yingdu Gasification Co Ltd.
($1 = CNY6.14)
|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