04 May 2011 06:12 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Tianjin Dagu Chemical Industry has achieved on-spec production at its 150,000 tonne/year propylene oxide (PO) plant in Tianjin city, northern China, after restarting it on 1 May, a company source said on Wednesday.
The plant was shut on 25 April for a week of maintenance, the source added.
Tianjin Dagu on 3 May raised its offers by yuan (CNY) 700-800/tonne ($108-123/tonne) to CNY16,300/tonne EXW (ex-works) because of tight supply, the source said, adding that offers for contract cargoes were lower.
The domestic availability of PO is tight, as several major plants had recently been shut for maintenance and imports are limited, industry sources said.
Other major PO producers in China include Jinxi Petrochemical, Shandong Binhua as well as CNOOC and Shell Petrochemicals Co (CSPC).
Additional reporting by Caroline Zhang
($1 = CNY6.50)
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