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
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