DATE : 2013-09-05
Mitsubishi Rayon is likely to temporarily shut is Acrylonitrile (ACN) plant at its Otake production centre in Hiroshima on September 10, 2013. It is likely to re-start in end-October, according to a company official.
The likely closure of the plant is due to an inventory adjustment, as a result of weak demand in Japan.
The plant has an annual production capacity of 90,000 tons of ACN.
Mitsubishi Rayon is a subsidiary of Mitsubishi Chemical Holdings Group.
In Southeast and Far East Asian countries, ACN prices are currently hovering around US$ 1,850/ton.
SOURCE Fibre2fashion