19 April 2011 09:04 [Source: ICIS news]
SHANGHAI (ICIS)--CNOOC-Kingboard Chemical has achieved on-spec production of benzene at its 350,000 tonne/year unit in Huizhou after restarting the facility on 17-18 April, a company source said on Tuesday.
“We are expecting on-spec production of paraxylene (PX) soon,” the company source added.
CNOOC-Kingboard Chemical can produce up to 900,000 tonnes of PX and 80,000 tonnes of orthoxylene (OX) at its Huizhou site.
Meanwhile, trade remained mostly quiet in the Asian PX market as traders struggled to find outlets for May delivery.
Most end-users said that contracted volumes will be sufficient to meet requirements for both the May and June delivery periods.
Spot PX prices were hovering at around $1,580-1,590/tonne (€1,106-1,113/tonne) CFR (cost & freight) ?xml:namespace>
($1 = €0.70)
Please visit the complete ICIS plants and projects database
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|
Asian Chemical Connections