China‘s Henan Shenma completes new line expansion for ADA plant

10 October 2012 09:58  [Source: ICIS news]

SINGAPORE (ICIS)--China‘s Henan Shenma has completed the construction of a new 50,000 tonne/year adipic acid (ADA) line expansion for its existing 50,000 tonne/year ADA plant at Pingdingshan in Henan province, a company source said on Wednesday.

The Chinese producer plans to operate the newly expanded 100,000 tonne/year ADA plant in end-October, the source added.

The construction of the new ADA line expansion began at the end of 2011.

The expanded production capacity of Henan Shenma's ADA plant may push prices down, as downstream demand remains weak, some traders said.

Domestic Chinese cargoes were heard traded at yuan (CNY) 11,100-11,500/tonne ($1,765-1,828/tonne) ex-tank in east China on Wednesday, according to Chemease, an ICIS service in China.

Henan Shenma has a separate 150,000 tonne/year ADA plant, which supplies the feedstock for its 200,000 tonne/year nylon 6,6 plant at the same site.

Additional reporting by Caroline Zhang

($1= CNY 6.29)


By: Heng Hui
+65 6780 4359



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