DATE : 2015-03-24
Nippon Shokubai Indonesia is planning to shut its crude acrylic acid (AA) and acrylate esters unit at Cilegon in West Java in end-April for scheduled maintenance, a source familiar with the matter said on Wednesday.
The company operates a 60,000 tonne/year crude AA and 100,000 tonne/year acrylate esters unit at the site.
The shutdown is expected to last for around 40-45 days, the source added.
According to several market participants, the impact on spot prices might be limited, especially on the back of softening feedstock propylene values.
SOURCE Icis News