China’s Kingboard restarts Huizhou phenol-acetone plant

06 May 2010 10:16  [Source: ICIS news]

TAIPEI (ICIS news)--China’s Kingboard Chemical restarted its phenol-acetone plant in Huizhou at the start of the month, following a brief maintenance shutdown in late April, market sources said on Thursday.

The plant – with a name-plate capacity of 120,000 tonnes/year of phenol and 80,000 tonnes/year of acetone, located at Guangdong province in southern China is currently running at full capacity, sources said. It was taken off line on 26 April.

Its restart, coupled with the recent start-up of a major phenol-acetone facility in Tianjin, China, should ease prevailing tight supply conditions in the region, market sources said.

The Tianjin facility, owned by petrochemical giants Sinopec and Saudi Basic Industries Corp (SABIC), can produce 220,000 tonnes/year of phenol and 130,000 tonnes/year of acetone.

Buyers were taking a cautious stance, anticipating limited price upside for phenol and acetone in the near term, industry sources said.

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By: Liu Xin
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