China’s CNGC Huajin Chemical to shut SM units for maintenance

27 July 2012 03:08  [Source: ICIS news]

SINGAPORE (ICIS)--China North Industries Group Corporation (CNGC) Huajin Chemical plans to shut its 225,000 tonne/year styrene monomer (SM) unit at Panjin in Liaoning province on l August for maintenance, a company source said on Friday.

The unit will remain off line for about 45 days, the source said.

SM from the plant is usually sold in the north China market, the source added.

The producer will stop its contractual and spot supply from the plant during the shutdown period, the source said.

The shutdown will tighten spot and contractual SM supply in north China and consequently may push prices up, market sources said.

SM prices were assessed at yuan (CNY) 10,450-10,500/tonne ($1,635-1,643/tonne) delivery (DEL) north China on 27 July, up by CNY700/tonne from 27 Jun, according to Chemease, an ICIS service in China.

($1 = CNY6.39)


By: Echo Chen



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