China's NZLC restarts Ningbo PO unit, increasing rates

24 August 2012 12:05  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Ningbo ZRCC Lyondell Chemical (NZLC) has successfully restarted its propylene oxide (PO) plant in Ningbo, Zhejiang province, on Sunday following an unscheduled shutdown on 14 August, sources close to the company said on Friday.

The 285,000 tonne/year PO unit, the largest facility in eastern China, was taken off line earlier in the week for mechanical repairs.

The company is currently ramping up and it may take a few more days for the unit to resume full operating rates, market sources said.

In related news, spot PO supply in the domestic Chinese market remained tight, boosting weekly offers by around yuan (CNY) 100-300/tonne ($16-47/tonne) to CNY 13,200-13,500/tonne DEL (delivered) east China on Friday because of ongoing limited availability.

NZLC is a joint venture between LyondellBasell and Zhenhai Refining & Chemical Co (ZRCC), a subsidiary of China’s petrochemical giant Sinopec. The company also runs a 620,000 tonne/year styrene monomer (SM) plant at the site.

Additional reporting by Vikki Shen in Shanghai

($1 = CNY6.35)

By: Jingyi Chan
65 6780 4259

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