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(ICIS) -- East China-based styrene monomer (SM) producers will be competing for
cargoes in the spot and contract markets more significantly next year, industry
sources said on Wednesday.
Shanghai SECCO Petrochemical, Jiangsu Leasty Chemical, Dohow Chemical and
Sinopec East China were planning to procure supply from the market, for varied
reasons ranging from fulfilling the requirement of downstream plants, to the
quest for better margins, company sources said.
Among the four, Shanghai SECCO was facing SM shortage and would need to
tap the market for cargoes to continue supplying to contract clients, a company
source said.
Equipment problems at its 650,000 tonne/year SM unit in Shanghai would
prevent the plant from optimising running rates for the most of next year. The
unit was also due for a 40-day turnaround from September-October 2011, with
production loss estimated at around 50,000 tonnes, the source added.
mrcplast.com
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