20 September 2012 10:15 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shanghai Coking & Chemical restarted one of its 50,000 tonne/year phthalic anhydride (PA) units in Shanghai earlier this week, a company source said on Thursday.
The company has two 50,000 tonne/year PA units at the site, which were shut on 6 August and 15 September, respectively, because of a technical problem.
One of the units is now running at a low operating rate.
The restart may lead the price of PA in the domestic Shanghai market to decline, a market participant in east China said.
The spot price of PA in east China was at yuan (CNY) 11,650-11,700/tonne ($1,846-1,854/tonne) ex tank on 20 September, compared with CNY12,100-12,150/tonne ex tank on 10 September, according to Chemease, an ICIS service in China.
($1 = CNY6.31)
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