22 May 2012 09:11 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Liaoyang Chemical and Fiber is planning to shut its 60,000 tonne/year aromatic solvent oils plant at Liaoyang, in Liaoning province, on 23 May for maintenance, a company source said on Tuesday.
The maintenance will last around 30 days.
The shutdown measure is also in response to slow sales and falling product prices, the source added.
Aromatic solvent oil supply in northern China is expected to decrease by about 3,500 tonnes because of the maintenance, market sources said.
However, the shutdown will not boost product prices as oversupply and weak demand will continue to drive down prices for customers, the sources added.
The company mainly produces No 100, No 1000 and No 1500 aromatic solvent oils.
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