MOSCOW (MRC) -- Yisheng Petrochemical has shut its 2.2 million mt/year No.4 unit at Ningbo over the weekend due to a paraxylene (PX) shortage for a couple of days, reported S&P Global with reference to a source close to the company's statement on Monday.
Two other sources told S&P Global Platts that the duration of the shutdown is expected to last for three to four days.
The company also operates three other lines at the same site: No 1. line with production capacty of 650,000 tonnes per year and No. 2 & 3 lines with production capacity of 2.2 mln tonnes per year each.
PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.
According to MRC's DataScope report, Chinese bottle grade PET deliveries to Russia increased 34% in the first eight months of 2019 to 95,600 tonnes. China accounted for 90% of the total imports, compared to 85% a year earlier.
August imports of material from China decreased by 41% to 7,600 tonnes from 12,800 tonnes in July. Jiangsu Sanfangxiang, Yisheng, Wankai and Sinopec were the leading Chinese suppliersof material to the Russian market.
Yisheng Petrochemical is jointly owned by polyester giants Zhejiang Hengyi Group and Zhejiang RongSheng Group.
MRC