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.
Buyers were taking a cautious stance, anticipating limited price upside for phenol and acetone in the near term, industry sources said.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|