China’s Yunnan Three Circles-Sinochem-Cargill shuts DAP plant
23 May 2012 08:20 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Yunnan Three Circles-Sinochem-Cargill Fertilizers will restart its 600,000 tonne/year diammonium phosphate (DAP) plant in the Yunnan province when sales improve and feedstock phosphoric acid is freely available, a company source said on Wednesday.
The company shut the plant on 10 May because of lack of phosphoric acid as well as weak domestic demand, the source added.
The source said DAP demand is typically weak from late April to June.
Prices for 64% DAP have fallen to CNY 3,150-3,240/tonne ($498-513/tonne) for China's southwest market from CNY 3,180-3,260/tonne a month ago.
($1 = CNY6.32)By: Natalie Hui
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.