07 May 2012 08:49 [Source: ICIS news]
The two subsidiaries are Jilin Qifeng Chemical Fiber, which can produce 136,000 tonnes/year, and Jilin Jimont Acrylic Fiber, which can produce 100,000 tonnes/year, the source said.
The two plants were operating at 50% of capacity before the shutdown and they are likely to maintain this operating rate after the restart as downstream demand is weak, the source said.
AF prices are likely to be stable this month as many plants are scheduled to be shut for maintenance in May, which will ease stock pressure, said an industry source.
AF prices in
($1 = CNY6.29)
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