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 ?xml:namespace>
The construction of the new
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
Henan Shenma has a separate 150,000 tonne/year
Additional reporting by Caroline Zhang
($1= CNY 6.29)
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