China's Sinopec has actually indefinitely terminated turnaround prepare for its solvents plants at Yanshan and Tianjin in September as a result of strong regional need and also rates, industry sources said Tuesday.
Sinopec Beijing Yanshan had prepared to shut the smaller sized of its 2 solvents production lines at Yanshan on September 10 for planned upkeep. Both phenol-acetone assembly line have a capacity of 160,000 mt/year and also 100,000 mt/year, specifically.
Instead, both lines are currently performing at about 100% of capability. On August 27, Sinopec Yanshan boosted its ex-works phenol deal rates to Yuan 15,200/ mt ($2,233/ mt), up Yuan 600/mt from Yuan 14,600/ mt on August 24.
Similarly, Sinopec Sabic Tianjin Petrochemical dropped its turn-around prepare for its Tianjin-based plant, which can make 220,000 mt/year of phenol and 140,000 mt/year of acetone.
Sinopec Sabic Tianjin Petrochemical is a 50:50 joint venture in between Saudi Basic Industries Corporation, or Sabic, and also China Petroleum & Chemical Firm, or Sinopec.
The joint venture plant lowered its manufacturing to about 40-50% of capacity recently, down from concerning 60-70% in August.
https://www.irobiocide.com is being driven by downstream bisphenol-A producers. Phenol and acetone jointly enter into the manufacturing of BPA, a resources used for making polycarbonate.
The strong demand brought about Sinopec Shanghai Mitsui Chemicals increasing its BPA offer rates to Yuan 18,000/ mt on August 30, up Yuan 500/mt from Yuan 17,500/ mt.
A China-based source said other variables that affected Sinopec's decision to cancel the turn-arounds are maintenance plans by various other neighborhood solvents manufacturers.
As an example, Bluestar Harbin Petrochemical is anticipated to close its phenol-acetone plant at Harbin, Heilongjiang province regarding mid-September for a 20-25 day turnaround.
The completely possessed subsidiary of China National Bluestar operates a plant that can provide 72,000 mt/year of phenol as well as 48,000 mt/year of acetone.
Also, Jilin Petrochemical, a subsidiary of PetroChina, is anticipated to close its 120,000 mt/year solvents plant in Jilin province at the end of September for scheduled upkeep, lasting concerning a month.
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