13 April 2012 09:25 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Jianlan Petrochemical restarted its 140,000 tonne/year 2-ethylhexanol (2-EH) plant at Zibo in Shandong province on 12 April, a company source said on Friday.
The company shut the plant on 7 April because of a technical fault.
Shandong Jianlan is running the plant at low rates and will gradually ramp up operations, the source said.
The restart at the plant will ease the tight 2-EH supply in the domestic market and prices are likely to stabilise, a market player said.
The spot prices of 2-EH in east China rose to yuan (CNY) 12,400-12,450/tonne ($1,968-1,976/tonne) ex-tank on 12 April, up by CNY250-300/tonne from 6 April because of tight spot supply, according to data from Chemease, an ICIS service in China.
($1 = CNY6.30)
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