SINGAPORE (ICIS)--China’s Jiangsu Sopo has delayed the overhaul of its two acetic acid plants at Zhenjiang, Jiangsu province, to late June following several delays amid domestic supply shortages, according to a company official on Monday.
The producer operates two acetic acid plants with a combined production capacity of 1m tonnes/year, which were scheduled to be taken off line in late May for an overhaul, which was subsequently delayed to 18 June.
“We plan to shut the acetic acid plants after 20 June,” he added.
The plants will be shut one after another for the overhaul, the official said, adding that the plants are operating at around 70% of nameplate capacity since the middle of May.
A shortage of steam supply had earlier caused the plant to operate at a reduced 50% capacity in early May.
During the week ended 6 June, China's domestic acetic acid spot prices in Jiangsu and Zhejiang provinces were firmer at yuan (CNY)3,800-4,150/tonne ex-tank according to ICIS data, reflecting an increase of CNY50-200/tonne on the week on tight supply on the back of unplanned and planned plant outages.