29 November 2012 06:32 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Qingshang Chemical Industry restarted its 100,000 tonne/year sulphate of potash (SOP) or potassium sulphate unit at Lvnan in Shandong province on Thursday, a company source said.
The plant was taken off line on 28 October because of weak demand in eastern China, the source said.
During the month-long shutdown of the SOP plant, the company was able to continue selling to customers from its inventory.
Domestic SOP prices were at yuan (CNY) 3,000-3,100/tonne ($482-498/tonne) on Thursday, down by CNY500/tonne from a month ago, according to Chemease, an ICIS service in China.
Downstream nitrogen phosphorus potassium (NPK) producers have been running their plants at an average of 10-20% in November, with no plans to increase production next month, industry sources said.
($1 = CNY6.22)
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