China's Daqing Lianhua shuts paraffin wax unit

16 August 2010 08:18  [Source: ICIS news]

SINGAPORE (ICIS)--Daqing Lianhua Petrochemical, a subsidiary of state-owned oil giant PetroChina, has shut its 90,000 tonne/year paraffin wax unit in Heilongjiang province on Monday for turnaround that will last a month, a source close to the company said.

The company operates a bigger 120,000 tonne/year paraffin wax unit at the same site in northeastern China, under Daqing Shihua Petrochemical.

Solid paraffin wax prices were stable in the key China market at $1,590-1,630/tonne (€1,240-1,271/tonne) FOB (free on board) China Main Port (CMP) for the benchmark 58/60ºC grade solid wax, according to ICIS.

Other regional producers include Sinopec and Taiwan Wax Co.

($1 = €0.78)

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By: Heng Hui
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