China’s Nantong Kangqiao shuts fatty acid plant for maintenance
22 March 2012 08:45 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>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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