24 July 2012 09:27 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Gansu Rare Earth Group (GREG) plans to shut down its 240,000 dry metric tonne (dmt)/year caustic soda plant in Gansu province on 25 July for maintenance, a company source said on Tuesday.
The maintenance will last for 4–5 days. The plant had been running at 60% capacity because of poor demand for chlorine, the company source added.
The producer offered 32% liquid membrane caustic soda at yuan (CNY) 2,600/tonne ($407/tonne), 48% liquid membrane caustic soda at CNY2,900/tonne and 99% solid caustic soda at CNY3,450/tonne on 24 July, according to Chemease, an ICIS service in China.
Caustic soda prices in north China have declined slightly amid sluggish demand from downstream industries. GREG is the biggest caustic soda producer in Gansu, and the maintenance shutdown will reduce production of caustic soda and support the local price to some extent.
($1 = CNY6.39)
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