China’s Nantong Kangqiao shuts fatty acid plant for maintenance

22 March 2012 08:45  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Nantong Kangqiao Chemical shut down on Thursday its 10,000 tonne/year fatty acid plant at Nantong City in Jiangsu province, east China, a company source said.

“We shut down the plant for about 20 days, mainly for maintenance as well as [because] margin was squeezed by high feedstock stearin prices,” the source said.

China domestic prices of stearin prices stood at Chinese yuan CNY 7,700/tonne ($1,220/tonne) on March 21, higher by CNY500/tonne, from CNY7,200/tonne at the end of last month. Fatty acids prices also rose over the month to CNY9,300/tonne now from CNY8,600 last month.

The shut down will have some impact on the fatty acid market as supply has been slightly tight, the source said.

By: Shevon Zheng
+65 6780 4375

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