China’s Shandong Qisheng to resume base oil supply in October

26 September 2012 10:07  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Qisheng Industry & Trade is planning to restart its 70,000 tonne/year Group I base oils plant at Zibo in late September, a company source said on Wednesday.

The plant was taken off  line on 1 September for maintenance.

The company plans to resume Group I base oils supply in October after the restart.

The refiner has sets its October output target at 3,000-4,000 tonnes, as compared with the normal level of 6,000 tonnes, because it may face shortage of feedstock as a result of turnaround at an upstream plant, according to the source.

Meanwhile, another Group I base oil supplier Sinopec Jinan Company, which shut its 100,000 tonne/year Group I base oils plant in late January for an expansion, is expected to resume production in October, an industry source said.

Local supply therefore may increase, which may weigh on October sales, the source said, adding that most lubricant producers have little buying interest in base oils as they already have stocks.

Shandong Qisheng Industry & Trade primarily produces  SN40, SN60, SN150, SN250 and SN350 products.

By: Vivian Ma
+65 6780 4359

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