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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections