10 October 2011 10:56 [Source: ICIS news]
The company is ramping up the operating rates at the unit, the sources added.
CSPC took the plant offline on 26 September when a compressor glitch occurred at the producer’s 950,000 tonne/year naphtha cracker at the same site.
In addition, the company has restarted its downstream 200,000 tonne/year polyether polyol and 60,000 tonne/year monopropylene glycol (MPG) units, the sources said.
The producer shut the downstream units in line with the shutdown at the cracker on 26 September.
CSPC is a 50:50 joint venture between the China National Offshore Oil Corp (CNOOC) and Shell Petrochemical.
The current domestic prices of PO have increased by around yuan (CNY) 100/tonne ($16/tonne) to CNY15,900-16,100/tonne
($1 = CNY6.38)
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