27 June 2011 09:39 [Source: ICIS news]
SHANGHAI (ICIS)--China’s HuaLong Glycerine plans to restart its 20,000 tonne/year crude glycerine plant at Zhongshan in south China in early August, a company source said on Monday.
The plant was shut down early last week because of poor sales, the source added.
“There is no profit on the back of feedstock cost and limited orders,” the source said.
Feedstock crude glycerine prices increased to $310/tonne (€220/tonne) CIF (cost, insurance & freight) CMP (China Main Port) on 27 June in the past two weeks, according to data from Chemease, an ICIS service. They were previously at $285/tonne CIF CMP.
The prices of 95% glycerine were at yuan (CNY) 4,200-4,400/tonne ($649-680/tonne) on 24 June, according to Chemease.
Crude glycerine is used to produce 95% glycerine.
($1 = €0.71, $1 = CNY6.47)
Additional reporting by Amanda Zhang
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