China’s Zhongyuan Petrochemical to restart solvent oil plant

10 April 2012 08:30  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Zhongyuan Petrochemical is planning to restart its 50,000 tonne/year solvent oil plant at Puyang in Henan province later this week, a company source said on Tuesday.

The company plans to produce No 120 and No 200 material after the restart, said the source.

“The exact restart date has not been decided yet,” he said.

The plant has been shut since 15 October 2011 for maintenance, according to the source.

The resumption of production will increase solvent oils supply in northern China by around 4,000 tonnes in April, industry sources said.

The prices of solvent oils are expected to soften in northern China as a result of the supply increase and weak demand, traders said.

No 6 and No 120 solvent oils were traded at yuan (CNY) 9,200-9,400/tonne ($1,458-1,490/tonne) in northern China on 9 April, down by CNY100-200/tonne from 6 April, according to C1 Energy, an ICIS service in China.

($1 = CNY6.31)

By: Vivien Ma

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