16 May 2012 07:43 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shanghai Soap is planning to switch production at its 100,000 tonne/year line at Nantong in Jiangsu province from fatty acids to soap noodles on 20 May, a company source said on Wednesday.
“We will produce soap noodles at the line for one month, as now is the peak demand season for soap noodles,” said the source.
The switch to soap noodles production will help to relieve the oversupply of fatty acids in the Chinese domestic market, a market player said.
The domestic spot prices of fatty acids in China were assessed at yuan (CNY) 9,500/tonne ($1,503/tonne) EXW (ex-works) on 16 May, a drop of CNY500/tonne week on week, according to Chemease, an ICIS service in China.
($1 = CNY6.32)
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