15 April 2010 11:32 [Source: ICIS news]
SINGAPORE (ICIS news)--Hanwha Chemical, South Korea’s second-largest epichlorohydrin (ECH) producer, plans to restart its 25,000 tonne/year plant at Yeosu on 16 April after an unscheduled shutdown earlier this week, a company source said on Thursday.
The plant was shut down on 12 April due to unexpected mechanical problems, the source said.
“We are currently suffering from low ECH stock levels and have less volumes to export,” added the source.
Prices of ECH is Asia surged by $20-30/tonne (€15-22/tonne) this week to $1,850-1,900/tonne CFR (cost and freight) CMP (China Main Port) as a result of tight supplies in the region and buoyant downstream demand in China, according to global chemical market intelligence service ICIS pricing.
($1 = €0.73)
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