- Majors cut production- Zhejiang Petrochemical plans
ACN No. 1 plant run rate to full-in





Sep Asia's acrylonitrile marker remained
stable as large-scale production cuts among Northeast Asia's production majors
lend support to the struggling acrylonitrile feedstock industry. As a result of a weak downstream demand and
supply glut, many Northeast Asia ACN producers reduced or closed down their
plants. Formosa Plastics, Unv1, has shut down its
280,000 mt/year Mailiao acrylonitrile facility. The turnaround is scheduled for
August 12 through September. According to a company source,
"We have closed down our ACN plant as planned." He also said that
there were more buyers' queries this week. The Yuan
8,800-9,300/mt ex can domestic price of acrylonitrile has been reached in eastern
China, an increase of Yuan 300/mt this week. A major
acrylonitrile producer stated that there is...