10 April 2012 07:13 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Suzhou Jiutai Group restarted its 110,000 tonne/year aromatic solvent oil plant at Suzhou in Jiangsu province on 10 April, a company source said on Tuesday.
The plant was shut in late March because of the high price and tight supply of heavy aromatics feedstock, according to the source.
The plant restart will add around 150 tonnes/day of solvent oils to the supply in eastern China. This, together with persistent weak demand, is expected to weigh on solvent oil prices in the region.
No 100 and No 150 solvent oils were traded at yuan (CNY) 9,000-9,300/tonne ($1,426-1,474/tonne) and CNY8,700-8,800/tonne EXW (ex-works) respectively in east China on 9 April, flat with the previous day, according to C1 Energy, an ICIS service in China.
Suzhou Jiutai produces a range of aromatic solvent oils for use in the coatings industry.
($1 = CNY6.31)
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