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.
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