30 November 2011 12:06 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Suzhou Jiutai Group is planning to restart its 110,000 tonne/year aromatic solvent oil plant at Suzhou in Jiangsu province on 5 December following a shutdown caused by feedstock shortage, a company source said on Wednesday.
The plant was shut in late October because of tight heavy aromatics feedstock supply.
The company originally planned to restart the plant in the first half of November, when feedstock supply was expected to improve. However, supply of the feedstock remained tight for the whole month, delaying the restart.
The resumption of production at Suzhou Jiutai would increase market supply by 300 tonnes/day in the eastern region and weaken prices for the material, as the local market is already in oversupply, traders said.
One trader said that another 7,000 tonnes of imported material would arrive in east China in December, putting even more pressure on prices.
Suzhou Jiutai Group produces a range of aromatic solvent oils for use in the coating industry.
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