China’s Shandong Haili takes ECH unit offline

04 November 2008 06:16  [Source: ICIS news]

SINGAPORE (ICIS news)--Chinese epichlorohydrin (ECH) major Shandong Haili Chemical shut down its 240,000 tonne/year plant in Zibo, Shandong province due to weak demand and mounting inventory pressure, a source close to the company said on Tuesday.

 

“The plant was taken offline in late October, and could restart on 8 November,” said the official in Mandarin.

 

Haili operates three ECH lines with annual capacities of 80,000 tonne/year each on the site in eastern China.

 

Listed ECH prices were now pegged at yuan (CNY) 9,000/tonne ($1,316/tonne) DEL (delivered), but trades were slow due to falling demand from the downstream epoxy resins sector, the source added.

 

($1=CNY6.84)

 

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By: Liu Xin
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