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 ?xml:namespace>
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
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)
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