16 April 2012 08:48 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Yunnan Zhanhua, a subsidiary of Yunnan Yunwei Group, plans to restart its urea plant at Qujing in Yunnan province on 18 April, a company source said on Monday.
The plant has a designed capacity to produce 600,000 tonnes/year of urea.
The company shut the plant on 12 April because of technical problems, the source added.
The shutdown has worsened the tight urea supply situation in southwest China, a market player said.
The spot prices of urea in Yunnan were assessed at yuan (CNY) 2,400-2,450/tonne ($381-389/tonne) EXW (ex-works) on 16 April, an increase of CNY50/tonne from last week, according to data from Chemease, an ICIS service in China.
($1 = CNY6.30)
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