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.
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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)
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