China’s Qinhuangdao plans AF plant shutdown

05 May 2008 06:49  [Source: ICIS news]

SHANGHAI(ICIS news)--China-based Qinhuangdao Acrylic Fibre plans to shut down its 50,000 tonne/year acrylic fibre (AF) plant this month due to high feedstock values, a company source said on Monday.

"We have the shutdown plan but the closing date and restart date have not [been] fixed," the source added.

The producer had to raise its AF price by yuan (CNY)100/tonne($14/tonne) to CNY17,800/tonne this week as feedstock acrylonitrile (ACN) values continued to rise, he said.

ACN prices recently rose by CNY100/tonne to CNY16,800-17,000/tonne ex-tank east China from its pre-Labour Day holiday level, traders said.

Acrylic staple fibre (ASF) 3D (a typical staple grade of AF) was being sold at about CNY17,500/tonne delivered(DEL) in east China.

Qinhuangdao, located in north China's Hebei province, operates ten AF lines with a combined capacity of 50,000 tonnes/year.

($1=CNY6.99)

By: Judith Wang
+65 6780 4359

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