China’s Taizhou Petrochemical to restart solvent oil plant

26 June 2012 09:39  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Taizhou Petrochemical is planning to restart its 15,000 tonne/year solvent oil plant at Taizhou in Jiangsu province on 27-28 June following a scheduled turnaround that started on 23 May, a company source said on Tuesday.

The restart will increase supply in east China by 1,000-1,200 tonnes in July, which is expected to weigh on prices as demand is weak, traders said.

Mainstream No 200 solvent oils were traded at yuan (CNY) 8,500-8,800/tonne ($1,336-1,384/tonne) on 25 June in east China, flat on one week ago, according to ICIS.

Taizhou Petrochemical mainly produces No 200 solvent oils.

($1 = CNY6.36)


By: Vivian Ma
+65 6780 4359



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