China’s Sinopec Guangzhou to shut Guangdong PS line on 15 July

10 July 2012 10:59  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Guangzhou Petrochemical plans to shut its 60,000 tonne/year polystyrene (PS) line in Guangdong province on 15 July for about 15 days of scheduled maintenance, a company source said on Tuesday.

Currently, the PS inventory levels of the producer are low because traders were actively making purchases during the last two weeks amid a bullish market, the source added.

PS prices in south China were assessed at yuan (CNY) 10,900-11,400/tonne ($1,711-1,790/tonne) for the week ended 6 July, up by CNY400-450/tonne from the previous week, according to ICIS data.

The shutdown will have little impact on the PS market as the plant’s capacity is small, a local distributer said.

($1 = CNY6.37)
By: Iris Xi
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly