15 December 2011 11:05 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Ningbo ZRCC Lyondell Chemical (NZLC) lowered the operating rate at its propylene oxide (PO) facility earlier this week because of a minor technical fault, a source close to the company said on Thursday.
“The current operating rate is at 50–60%. However, this maintenance is close to the end. The plant is likely to resume regular production tomorrow," the source added in Mandarin.
The producer's facility at Ningbo in Zhejiang province has a nameplate capacity of 285,000 tonnes/year of PO and 620,000 tonnes/year of styrene monomer (SM).
PO prices in China are at yuan (CNY) 11,900–12,300/tonne ($1,868–1,931/tonne) DEL (delivered) eastern China for spot customers, according to data from ICIS.
($1 = CNY6.37)
Additional reporting by Caroline Zhang
For more on PO and SM visit ICIS chemical intelligence
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