Japan’s Idemitsu Kosan to restart MEK unit next week

21 March 2014 07:17 Source:ICIS News

SINGAPORE (ICIS)--Japan’s Idemitsu Kosan will restart its 40,000 tonne/year methyl ethyl ketone (MEK) plant in Tokuyama next week, according to a company source on Friday.

The company shut its Tokuyama refinery, cracker and associated petrochemical units, including its MEK plant, after an earthquake of 6.3 magnitude hit the southern island of Kyushu near the city of Oita last Friday.

Hopes of easing the tight regional supply were thwarted by the company’s plans to cut export volume in April.

Prices were higher by $5-$10/tonne at $1,400-1,410/tonne CFR NE Asia during the week ended 14 March. Prices were up by  $5/tonne  on the low end of the range at $1,420-1,450/tonne CFR SE Asia during the same period.

Additional reporting by Xia Xue

By Angeline Soh