17 August 2012 12:02 [Source: ICIS news]
The 285,000 tonne/year PO unit, the largest facility in eastern
In the wake of the plant closure, spot PO prices in the domestic Chinese market had shot up by around yuan (CNY) 300-400/tonne ($47-63/tonne) from 14 August to CNY13,100-13,200/tonne
Further gains are likely when the market resumes trading on Monday if the NZLC plant is not restarted over the weekend, industry participants said.
NZLC is a joint venture between LyondellBasell and Zhenhai Refining & Chemical Co (ZRCC), a subsidiary of
($1 = CNY6.37)
Additional reporting by Vikki Shen in
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