China’s Shandong Lihuayi starts domestic phenol/acetone sales

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

MELBOURNE (ICIS)--China’s Shandong Lihuayi has started phenol/acetone sales from its new plant at Dongying in Shandong province, market sources said on Thursday.

The plant, which has a phenol capacity of 220,000 tonnes/year and an acetone capacity of 130,000 tonnes/year, is running at about 80% capacity.

On-spec phenol/acetone output was achieved at the plant on 6 October.

The company is initially focused on selling in the northern China market. Its offer of phenol is at yuan (CNY) 11,100/tonne ($1,762/tonne), while its acetone offer is at CNY7,900/tonne, the sources said.

($1 = CNY6.30)

Additional reporting by Trisha Huang

By: Jenny Yi

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