Shandong Binhua delays caustic soda unit shutdown

02 June 2008 08:56  [Source: ICIS news]

SINGAPORE (ICIS news)--Chinese chemicals producer Shandong Binhua has postponed a scheduled maintenance at its caustic soda plant from mid-May to later this month, a source close to the company said on Monday.

The 180,000 dry tonne/year facility in Shandong, eastern China, will now be shut down for around two weeks starting 20 June, the source said.

No reason was given for the postponement but traders noted that the soaring prices of caustic soda in recent weeks might have provided an incentive for the company to delay the turnaround.

Asian prices of caustic soda have increased by around $50/tonne in the past month to $440-450/tonne FOB (free on board) Northeast Asia, according to global pricing intelligence ICIS pricing.

For more on caustic soda visit ICIS chemical intelligence.

By: Hun Wei Ng
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