China’s Befar Group restarts Shandong PO facility on 16 Sept

17 September 2012 07:51  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Befar Group has restarted its 80,000 tonne/year propylene oxide (PO) facility at Binzhou city in Shandong province on 16 September after completing maintenance work, a company source said on Monday. 

The Chinese producer shut the 80,000 tonne/year PO facility on 9 September for a turnaround, with its second 110,000 tonne/year PO facility running at full capacity during the scheduled maintenance, the source said.

Befar will gradually ramp up the PO facility’s operating rate after the start-up and the facility will likely produce on-spec material on 18 September, the source added. 

The prices of PO in China have decreased from yuan (CNY) 13,000-13,300/tonne ($2,057-2,104/tonne) DEL in north China from early September to CNY11,900-12,150/tonne on 14 September, according to Chemease, a ICIS service in China.

Prices in China are expected to continue declining, as the restart of Befar’s PO plant will increase supply in the market, while demand remains weak, according to market players.

Befar is the one of the largest domestic providers of PO. It supplies PO largely to end-users in northern and eastern China.

($1 = CNY6.32)

By: Vikki Shen

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