Sinopec's Maoming refinery cuts p-wax production

01 September 2008 04:45  [Source: ICIS news]

SINGAPORE (ICIS news)--Sinopec’s paraffin wax refinery at Maoming in south China was operating at 50% of its capacity due to lower yield from feedstock slackwax, sources close to the company said on Monday.

The sources were unsure about when normal operating rates would resume.

Meanwhile, fully refined Chinese benchmark 58/60°C grade paraffin wax was pegged at $1,800-1,850/tonne FOB (free on board) China when last assessed on Wednesday, according to global chemical market intelligence service ICIS pricing.

P-wax is used in the production of candles and also in the food packaging and petroleum jelly industries.

Other regional producers include PetroChina and Taiwan Wax Co.

To discuss issues facing the chemical industry go to ICIS connect

By: Heng Hui
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly