19 April 2011 07:02 [Source: ICIS news]
By Amanda Zhang
Limestone supply is tight as the government of
“We have already lifted offers five times since the beginning of April,” a major producer in
According to a 14 March notice from the Ministry of Industry and Information Technology,
The Chinese government has already shut down backward producers of calcium carbide, whose output totalled 3.05m tonnes from 2007 to 2010, the ministry’s notice added.
Backward producers in
Several unlicensed calcium carbide producers located at
“We have already lifted offers three times this month on good sales,” a major producer in northwest
As a result, chlor-alkali producers have sought to generate more profits by increasing the operating rates of their plants.
Calcium carbide was assessed at CNY3,850-3,950/tonne
The market is not showing any signs of reversing the uptrend of calcium carbide and values should remain firm in May, industry sources said.
($1 = CNY6.53)
Additional reporting by Besty Zhou and Aquamarine Li
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