China’s Sinopec Changling to shut solvent oil plant on 22 October
08 October 2012 10:23 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Sinopec Changling Co is planning to shut down its 100,000 tonne/year solvent oil plant at Yueyang in Hunan province for routine maintenance from 22 October, a company source said on Monday.
The shutdown will last 30 days, during which period the company will supply its customers with inventories, according to the source.
The company is a subsidiary of state-owned petrochemical major Sinopec.
Traders said that the production suspension of Sinopec Changling will tighten supply of the material in southern China and help bolster prices in that region.
On Monday, mainstream No 6 and No 120 solvent oils are being traded at yuan (CNY) 9,400-9,600/tonne ($1,487-1,519/tonne) in southern China, according to C1 Energy, an ICIS service in China.
($1 = CNY6.32)By: Lv Fei+65 6780 4327
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