08 November 2012 06:20 [Source: ICIS news]
The restart was delayed from the original schedule of 10 November because of a persistent shortage of feedstock, the source explained.
The restart schedule may be further delayed to early December as
Group I base oils in
Gasoil prices have been lower than those of low-viscosity Group I base oils in
Most Chinese base oil producers preferred to shut their plants for maintenance in order to avoid high inventories and negative margins, the sources added.
Shandong Qisheng Industry & Trade mainly produces Group I SN40, SN60, SN150 and SN350 base oils.
($1 = CNY6.25)
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