24 March 2011 07:16 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Zibo Qixiang Tengda Chemical is operating its methyl ethyl ketone (MEK) plant at 70% capacity because of a shortage in steam supply, a company source said on Thursday.
The plant, located at Zibo in Shandong province, consists of two lines with capacities of 20,000 tonnes/year and 120,000 tonnes/year respectively, the source said.
The bigger line was restarted in mid-March after it was shut down in late February on a shortage of steam, the source added.
The producer lifted its offers on Thursday by yuan (CNY)1,000/tonne ($152/tonne) DEL (delivered) from early March prices to CNY14,500/tonne DEL in east China, citing robust demand in the domestic market, the source added.
Additional reporting by Tracy Huang
($1 = CNY6.56)
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