11 December 2006 08:21 [Source: ICIS news]
(Adds update on second PP unit paragraph 4)
SHANGHAI (ICIS news)--Guangzhou Petrochemical, a subsidiary of Chinese petrochemical major Sinopec, has shut its cracker and derivative units for a turnaround during weekend, a company source said.
Its 200,000 tonnes/year cracker at Guangzhou, Guangdong province would be shut for around 40 days, the source said on Monday.
Derivative units, producing 200,000 tonnes/year of linear low density polyethylene (LLDPE), 100,000 tonnes/year of polypropylene (PP), and 50,000 tonnes/year polystyrene (PS), were also shut for turnaround, he added.
A 50,000 tonnes/year polypropylene (PP) unit that gets propylene feedstock from the company’s refinery at the same site would also be shut, he said.
LLDPE prices in the region have been rising in the past weeks on news of the shutdown as Guangzhou Petrochemical was a major supplier.
Guangzhou Petrochemical’s LLDPE was at CNY13,000-13,100/tonne ($1,667-1,679/tonne) ex warehouse (EXWH) south China on Monday, CNY 350-400/tonne higher than end-November, according to global chemical market intelligence service ICIS pricing.
Some traders in south China said they were in no hurry to sell this material as supply was tightening.
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|