13 October 2011 10:24 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Luoyang Jinda Petrochemical is planning to restart its 50,000 tonne/year D-series (de-aromatics) solvent oil plant at Luoyang in Henan province on 20 October, a company source said on Thursday.
The plant was shut down on 1 September for maintenance.
Prices of D-series solvent oils are expected to weaken further after the restart, which will help to increase supply amid sluggish demand, traders said.
Local D-series solvent oil prices have dropped by yuan (CNY) 200-300/tonne ($31-47/tonne) in the last four days, they added.
D80 prices fell to CNY9,300/tonne on 11 October, market sources said.
Luoyang Jinda Petrochemical is a major D-series solvent oil producer in China and produces D40, D70, D80, D95 and D100. Its total monthly output is 3,000-4,000 tonnes.
($1 = CNY6.36)
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