Taiwan’s CPC-Shell to shut Kaohsiung base oil plant in November
25 October 2011 12:09 [Source: ICIS news]
SINGAPORE (ICIS)--
The company has a lot of inventory on hand and does not expect the shutdown to affect its supply to contract buyers next month, the source said.
The shutdown would have limited impact on Asia base oil markets as regional demand remain weak, while supply stays ample, traders said.
CSLC, a subsidiary of CPC Corp, mainly produces 70P, 150SN, 250SN, 500SN and BS150.
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By: Whitney Shi
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