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