China’s Jilin Petrochemical shuts OX plant for turnaround
23 May 2012 04:03 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Jilin Petrochemical shut down its 120,000 tonne/year orthoxylene (OX) plant in Jilin province on 20 May for maintenance, a company source said on Wednesday.
The exact date of the plant’s restart was not immediately known, according to the source.
Domestic OX prices have fallen owing to weak downstream demand, another market player said.
As the company is a key OX producer in the northeast China market, the plant’s shutdown is likely to cause prices to stabilize as it will tighten OX supply in the region, he added.
Spot prices of OX in the east China market were at yuan (CNY) 10,800-10,900/tonne ($1,709-1,725/tonne) ex-tank on 22 May, according to data from Chemease, an ICIS service in China.
($1 = CNY6.32)By: Lina Xu+65 6780 4359
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