11 April 2012 12:26 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Lihuayi Group restarted its 140,000 tonne/year 2-ethylhexanol (2-EH) plant in Shandong province on 10 April after shutting it on 6 April because of a fault at the unit, a company source said on Wednesday.
The company source was unable to provide the plant’s operating rate.
The restart at the plant will ease the tight domestic 2-EH supply caused by Shandong Lihuayi’s plant shutdown, a market player said.
Prices are likely to stabilise because of the plant restart, the market player added.
The spot prices of 2-EH in east China were at yuan (CNY) 12,300-12,350/tonne ($1,949-1,957/tonne) ex-tank on 10 April, a rise of CNY200/tonne from 6 April because of tight supply, according to data from Chemease, an ICIS service in China.
($1 = CNY6.31)
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