14 July 2008 15:14 [Source: ICIS news]
SHANGHAI (ICIS news)--A power crunch caused by coal shortages and price rises has forced the calcium carbide industry in China’s northeastern Shanxi province to reduce operating rates to around 50%, impacting the output severely, producers said on Monday.
“Our current operating rate is only 50-60% due to heavy power restrictions,” a local producer said in Mandarin. "Most calcium carbide plants could not operate normally from 5:00am to 9:00pm (local time) as there is no electricity during this period."
“This year, the power crunch is very severe. In some places, even the power supply for street lamps was unavailable,” another calcium carbide producer said.
"We have to rush operation during night, hurting output and quality naturally."
Calcium carbide surged yuan (CNY) 300-400/tonne ($44-58/tonne) to CNY4,000-4,100/tonne EXW (ex-works) basis due to reduced output, traders said.
Calcium carbide output in
Carbide-based polyvinyl chloride (PVC) producers have also had to reduce operating rate in tandem amid tight supply and rising prices of calcium carbide, some PVC producers said.
Some regions in
($1 = CNY6.84)
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