08 May 2012 11:33 [Source: ICIS news]
SINGAPORE (ICIS) – ?xml:namespace>
The company will decide when to restart the plant, depending on demand conditions, said the source.
Many buyers are expecting cuts in solvent oils prices in the coming days as crude prices are falling, traders said.
The prices in east China are at yuan (CNY) 8,700-8,800/tonne ($1,381-1,397/tonne) for No 100 solvent oils and CNY8,300-8,400/tonne for No 105 solvent oils on 8 May, down by CNY100-200/tonne and CNY200-300/tonne on 30 April, respectively, according to C1 Energy, an ICIS service in China.
($1 = CNY6.30)
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