19 November 2012 08:25 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Xinjiang Zhongtai Chemical ramped up the operating rate of its new 300,000 dry metric tonne (dmt)/year caustic soda plant in Xinjiang from 5-10% to 50%, a company source said on Monday.
The company has started trial runs on the new plant since 1 November, according to the source, without providing further details.
Xinjiang Zhongtai Chemical is operating a separate 900,000 dmt/year caustic soda plant at 100% capacity at the same site, the source said.
The producer’s caustic soda output will reach a total of 1.2m dmt/year after its new 300,000 dmt/year caustic soda plant reaches full capacity, the source added.
The company is starting its plant at a time when another manufacturer in Xinjiang named Xinjiang Mahatma Energy has also recently conducted a trial run at its 220,000 dmt/year caustic soda plant, a market player from southwest China noted.
Deals were heard done at yuan (CNY) 2,200-2,300/dmt ($353-369/dmt) EXW (ex-works) for 30% liquid caustic soda and CNY2,800-2,900/dmt EXW for 99% solid caustic soda during the week ended 16 November, according to market players.
Xinjiang Zhongtai Chemical is a chlor-alkali manufacturer in Xinjiang in northwest China.
($1 = CNY6.24)
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