China acetic acid plant operating rate rebounded in the beginning of Oct

China acetic acid plant operating rate rebounded in the beginning of Oct with plants restarting and has been hovering high since then. Due to the power rationing measure in Sep, several plants were shut in Jiangsu and Shandong Province. Then, Jiangsu Sopo’s 400kt/yr plant was restarted on Oct 6, Shandong Yankuang’s 1 million mt/yr plant in end-Sep and Hualu Hengsheng’s 600kt/yr plant on Sep 30. In addition, Tianjin Bohai Chemical’s 350kt/yr acetic acid plant completed maintenance and restarted on Oct 5, and Sinopec Great Wall’s 300kt/yr plant restarted on Sep 28. The restarts of plants resulted in rising supplies in Oct, and the operating rate is expected to keep high with limited plant maintenance plan.