27 July 2012 09:59 [Source: ICIS news]
The plant was shut on 23 July for 15 days of maintenance, the source added.
The prices of on-spec Group I base oils in eastern
Group I base oil supplier Sinopec Jinan shut its 100,000 tonne/year Group I base oils plant since late January for an expansion and expects to resume supply in September, a Sinopec source said.
Group I base oils were traded at yuan (CNY) 8,350-8,500/tonne ($1,307-1,330/tonne) on 27 July in
Shandong Qisheng mainly produces SN40, SN60, SN150, SN250 and SN350 Group I base oils.
($1 = CNY6.39)
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