15 November 2006 10:44 [Source: ICIS news]
SINGAPORE (ICIS news)--PetroChina Dalian, a subsidiary of energy major PetroChina, plans to resume paraffin wax production at its northeast China plant from 20 November after a routine shutdown for repairs, a source close to the company said on Wednesday.
PetroChina Dalian had shut the 150,000 tonnes/year plant for maintenance at the end of October, the source said.
Paraffin wax prices in domestic market in ?xml:namespace>
Demand in the domestic wax market had been falling as candles purchases are expected to ease after the year-end festivities. This is also in line with lower feedstock crude oil prices.
By: Staff Reporter
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|