China’s Sinopec Jinling to restart its two PA units next week
31 August 2012 05:15 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Sinopec Jinling will restart its two 50,000 tonne/year phthalic anhydride (PA) plants at Nanjing, in Jiangsu province, in the week of 3 September, a company source said on Friday.
The two units were shut on 29 August on shortage of raw material orthoxylene (OX). The specific restart date is not available currently.
Prices are expected to rise as the shutdown will tighten the supply of domestic PA in east China, a market player said.
The spot prices of PA in east China were at yuan (CNY) 11,900-11,950/tonne ($1,874-1,882/tonne) ex-tank on 30 August, up by CNY 100/tonne compared with CNY11,800-11,850/tonne on 29 August, according to data from Chemease, an ICIS service in China.
($1 = CNY6.35)By: Lina Xu+65 6780 4359
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