Corrected: China’s Shanghai Secco to shut ACN plant on 10 Mar

03 March 2014 02:50 Source:ICIS News

Correction: In the ICIS story headlined "China’s Shanghai Secco Petrochemical to shut ACN plant on 10 Mar” dated 3 March 2014, please read in the first paragraph ... 260,000 tonne/year ... instead of ... 230,000 .... A corrected story follows.

SINGAPORE (ICIS)--China-based acrylonitrile (ACN) producer, Shanghai Secco Petrochemical Co, plans to shut down its 260,000 tonne/year ACN plant in Shanghai on 10 March for annual maintenance, a company source said on Monday.

The maintenance will last for about 40 days, but it [the timeline] definitely depends on the equipment’s conditions,” the source said.

Shanghai Secco Petrochemical is currently operating the ACN plant at 90% capacity, the source added.

The plant’s turnaround is expected to result in an output loss of 30,000 tonnes of ACN.

This could pull down the current average operating rate of Chinese ACN plants from 84% to 68%, according to ICIS data.

Supply of ACN in China is also likely to tighten, which will lend further support to the already high ACN prices, a market source said.

Domestic ACN prices were at yuan (CNY) 14,600-14,700/tonne ($2,378-2,394/tonne) ex-tank on 28 February, according to data from Chemease, an ICIS service in China.

($1 = CNY6.14)

By Heather Zhao