China's CNOOC restarts its aromatics unit at Huizhou on 23 Aug

24 August 2012 09:06  [Source: ICIS news]

SINGAPORE (ICIS)--China's National Offshore Oil Corporation (CNOOC) has restarted its aromatics units at Huizhou in Guangdong province on 23 August, a company source said on Friday.

The aromatic unit was shut down on 10 August because of a lack of feedstock supply of cracker gasoline, the source added.

The plant can produce 170,000 tonnes/year of toluene and 125,000 tonnes/year of xylenes, according to the source.

"Toluene and xylenes prices in the South China market have increased, supported by limited spot supply," a trader said.

Domestic toluene prices in China were assessed at yuan (CNY) 8,650/tonne ($1,362/tonne) ex-tank south China on 23 August, up by CNY200-250/tonne compared with prices on 1 August, according to Chemease, an ICIS service in China.

Domestic solvent-grade xylene prices were assessed at yuan (CNY) 9,050-9,050/tonne ex-tank south China on 23 August, up by CNY350-400/tonne compared with values on 1 August.

Isomer-grade xylene prices were at CNY9,200-9,200/tonne ex-tank south China on 23 August, up by CNY450-500/tonne compared with prices as on 1 August, the data showed.

($1 = CNY 6.35)

By: Doris Shen

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