28 August 2013 08:36 [Source: ICIS news]
SINGAPORE (ICIS)--Indonesia’s PT Asahimas Chemical will be shutting two of its four caustic soda lines located in Cilegon, Banten province for scheduled maintenance early in the first week of September, said a company source on Wednesday.
The scheduled maintenance shutdown is expected to last for three weeks, added the source.
The source said that the affected lines would include the fourth and newest line of about 100,000 dry metric tonne (dmt)/year nameplate capacity, which started operating in March 2013.
The other line which would undergo turnaround is one of the three older lines, said the source, adding that the three lines have a combined capacity of 370,000dmt/year.
Regional market participants said that they do not expect a significant impact from the shutdown as current demand and buying sentiment are too weak for any upward price movement to be possible.
Furthermore, as most Indonesian and Malaysian market players have just returned from the Eid ul-Fitr holiday, market players said that trading activity in southeast Asia is still picking up gradually.
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