09 January 2012 13:03 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Fujian Meizhouwan Chlor-Alkali Chemical will delay the resumption of its 30,000 tonne/year butanediol (BDO) plant in Fujian province from this week until 16 January, a company source said on Monday.
No reason was provided for pushing back the restart date of the plant, which was taken off line for maintenance on 23–24 December.
The company had reduced the unit's operating rate early in December 2011 and decided to conduct maintenance during the year-end lull.
As the company was originally expecting to restart the plant on 8–9 January, it offered some BDO cargoes at yuan (CNY) 15,800–15,900/tonnes ($2,504–2,520/tonne) in southern China, said the source.
“We have to delay delivery,” the source added.
Spot BDO prices in the domestic Chinese market were assessed at CNY14,500–15,300/tonne on 2 January, according to ICIS data.
($1 = CNY6.31)
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