04 November 2008 06:19 [Source: ICIS news]
SINGAPORE (ICIS news)--China’s largest methyl isobutyl ketone (MIBK) producer Jilin Chemical plans to resume operations at one of its two 15,000 tonne/year lines from 16 November, a company official said on Tuesday.
The other 15,000 tonne/year line at the same site in Jilin will remain offline, he said, adding that both units were shut for around two months, partly due to poor finances.
Chinese demand for MIBK remained weak with several plants in the downstream solvents and rubber chemicals sectors remaining shut, traders said.
As a result, domestic prices of imported material continued to fall by yuan (CNY) 1,200-2,000/tonne ($175.45-292.40/tonne) to CNY12,800-13,000/tonne ex-tank in east China from last week’s levels, traders added.
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