02 November 2012 08:17 [Source: ICIS news]
The company shut the plant on 12 October for three to four weeks of maintenance, the source said.
PetroChina, the sole Group II base oils producer in northeast
During the shutdown, Group II N150 base oils continued to be supplied as the company had stocked up on the product before the shutdown, while N60/70 stock was limited, the source added.
Prices of Group II N60/70 grades are expected to fall from their high levels as the restart will ease the limited availability in northeast
Supply of N60/70 base oils has been tight in northeast
Group II N60/70 base oils were traded flat from a week before at yuan (CNY) 9,400-9,800/tonne ($1,506-1,571/tonne) on 2 November in northeast
($1 = CNY6.24)
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