08 May 2014 04:45 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Nippon Polyurethane (NPU) has shut its 70,000 tonne/year and 130,000 tonne/year methyl di-p-phenylene isocyanate (MDI) plants in Yamaguchi prefecture for turnaround, a company source said on Thursday.
The shutdown of the two units in Shunan city started in early May and is expected to last until mid-June, the source said.
NPU's third MDI unit at the same site with a capacity of 200,000 tonnes/year will be running at full capacity during the shutdown of the two smaller plants, the source said.
According to the company source, it has sufficient stock levels to supply its customers in Asia and the Middle East. The source added as spot PMDI prices in key China market have been falling, it was able to cater customers in other regions.
According to ICIS data, import prices in China fell by $30 at the low end to $1,950-2,000/tonne CFR China in the week ended 7 May, marking a drop for a sixth consecutive week.
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