China’s Shandong Qilu Plasticizers trial runs new 2-EH unit

12 November 2012 06:35  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shangdong Qilu Plasticizers is conducting trial runs at its new 140,000 tonne/year 2-ethylhexanol (2-EH) plant at Zibo in Shandong province following its start-up on around 9 November, a company source said on Monday.

However, the company source was unable to provide the plant’s operating rate.

Prior the start-up, the producer purchased raw materials from the Chinese domestic market. With the new unit, the producer will become self-sufficient, which will ease the tight domestic 2-EH supply in China, a market player said.

Prices are likely to be stable or decline a little on the back of the start-up, the market player added.

The spot prices of 2-EH in east China were at yuan (CNY) 12,700/tonne ($2,039/tonne) ex-tank east China on 9 November, compared with CNY12,700-12,750/tonne on 2 November, according to data from Chemease, an ICIS service in China.

Shandong Qilu Plasticizer, a wholly owned subsidiary of Blue Sail Group, is a key plasticizer producer in China.

($1 = CNY6.23)

By: Lina Xu
+65 6780 4359

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