China’s Jiangsu Ruihe plans to restart MAP unit on 1 July

15 June 2012 07:23  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Jiangsu Ruihe Fertilizer Co Ltd plans to restart its 250,000tone/year monoammonium phosphate (MAP) unit on 1 July after half a month of shutdown for maintenance, a company source said on Friday.

The unit was taken off line on 11 June.

The unit’s turnaround is expected to have a limited impact on the east China market due to weak demand of the material, a market player said.

The spot prices of MAP in east China were assessed at yuan (CNY) 2,650/tonne ($416/tonne) EXW (ex-works) on 11 June, a decrease of CNY100/tonne from the same period in May, according to data from Chemease, an ICIS service in China.

($1 = CNY6.37)

By: Elly Zong

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