DATE : 2014-01-23
China’s Shenyang Wax Paraffin shut its 80,000 tonne/year crude acrylic acid (AA) unit at Shenyang in Liaoning province on 22 January because of a raw material supply shortage, a company source said on Wednesday .
SOURCE Icis News
China’s Shenyang Wax Paraffin shut its 80,000 tonne/year crude acrylic acid (AA) unit at Shenyang in Liaoning province on 22 January because of a raw material supply shortage, a company source said on Wednesday .
The company has not determined a specific restart date, but the source said it will be after the Lunar New Year celebration, which starts from 31 January to 6 February.
The unit shutdown is likely to relieve the long supply situation in the market, market sources said, adding that market sentiment could improve from the current price downtrend.
The company may also shut its 80,000 tonne/year downstream butyl acrylate (butyl-A) at the same site later, the company source said.
Shenyang Wax Paraffin is a key AA and acrylate ester producer in northeast China.
SOURCE Icis News