31 July 2012 09:52 [Source: ICIS news]
The unit was shut on 15 May because of high inventory levels as a result of slow sales, the source added.
The shutdown had a limited impact on the domestic
Chinese PBT cargoes were transacted at yuan (CNY) 14,500-14,800/tonne ($2273-2320/tonne) ex-tank on 27 July, stable from the prices a week earlier, according to Chemease, an ICIS service in
Meanwhile, some market participants expect the demand to pick up from late August because of the typical manufacturing peak season that starts in September to meet export orders ahead of the year-end holidays in the US and Europe.
($1 = CNY6.38)
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