China's Sinopec Shanghai Petrochemical to shut ACN unit in mid-Nov

01 November 2013 08:11  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinopec Shanghai Petrochemical plans to shut its 130,000 tonne/year acrylonitrile (ACN) plant in Shanghai for annual maintenance from around 15 November, a company source said on Friday.

The shutdown will last for 35 days, and the unit will be restarted around 20 December, the source said.

The company also owns a downstream 139,000 tonne/year acrylic fibre (AF) plant.

The company has yet to decide on whether to conduct maintenance on the AF plant, given the downtrend of AF prices and stable raw material ACN prices, the source said.

However, there were talks that the AF plant would be shut along with the ACN plant, and the shutdown would last for around 15 days, market source said, though it could not be confirmed.

Both ACN and AF plants are running at full capacity, according to the company source.

AF delivery prices were at yuan (CNY) 17,700-17,800/tonne ($2,902-2,918/tonne) for 1.5D staple in east China on 1 November, down by CNY500/tonne since 30 September.

ACN prices were at CNY13,900-14,000/tonne ex-tank east China on 1 November, up by CNY300/tonne since 30 September, according to ICIS Chemease, an ICIS service in China.

($1 = CNY6.10)

By: Ivy Ruan

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