15 October 2012 10:07 [Source: ICIS news]
The company has shut the plant on 12 October for a three-week routine turnaround, the source said.
PetroChina, the sole Group II base oils producer in northeast
During the shutdown, Group II N150 base oils will continue to be supplied as the company had stocked up on the product before the shutdown, while N60/70 stock will be limited, the source added.
Supply of N60/70 base oils has been falling in northeast
N60/70 prices are expected to firm in northeast
Group II base oils were traded flat from a week before at yuan (CNY) 9,100-9,900/tonne ($1,451-1,579/tonne) on 15 October in northeast
PetroChina was offering Group II N60/70 base oils at CNY9,800-9,900/tonne and N150 at CNY9,200/tonne on 15 October, according to the company source.
($1 = CNY6.27)
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