China’s Liaoyang Petroleum runs solvent oil plant at 80%

25 June 2012 04:30  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Liaoyang Petroleum Chemical Fibre is currently running its 60,000 tonne/year solvent oil plant in Liaoning province at around 80% of capacity, a company source said on Monday.

The company restarted the plant on 19 June after completing a 26-day maintenance, according to the source.

“We’re producing around 100 tonnes/day of products and [we] mainly supply to northeast markets [in China],” the source said.

The restart of the Liaoyang unit is expected to weigh on solvent oil prices given weakness in demand, traders said.

On Monday, mainstream No 6 solvent oils are being traded at yuan (CNY) 8,500-8,700/tonne ($1,334-1,366/tonne) in southern China, market sources said.

($1 = CNY6.37)

By: Kim Lu
+65 6780 4359

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