China’s Shandong Dongchen shuts PO plant on poor demand

08 June 2012 03:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Dongchen shut its 50,000tonne/year propylene oxide (PO) plant in Shangdong province on 7 June because of weak demand, a company source said on Friday.

The restart of the plant will depend on the market conditions, the source added.

Domestic PO producers in China are struggling with losses because of weak prices.

On Thursday, the spot PO prices were at CNY 9,800-10,000/tonne ($1,538-1,570/tonne) DEL (delivered) north China, a sharp decline from CNY12,000-12,200 /tonne DEL north China a month ago, according to Chemease, a ICIS services in China.

PO producer Tianjin Dagu also shut its 150,000tonne/year PO unit on 1 June for an unspecified period of time, a company source said last week.

Fangda Jinhua also plans to shut its 120,000tonne/year PO unit in Liaoning province around 12 June while it is operating the facility at 80% capacity, a company source said on Thursday.

By: Vikki Shen

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