17 January 2013 07:00 [Source: ICIS news]
SINGAPORE (ICIS)--Teck Guan China will shut its 100,000 tonne/year fatty alcohols plant at Rugao in Jiangsu province at the end of January for about a month of maintenance, a company source said on Thursday.
The shutdown is unlikely to have any major impact on prices in the Chinese domestic market as downstream demand will weaken in February because of the 9-15 February Lunar New Year holidays, Chinese sources said.
“The market will slow down from the last week of January and we expect demand to pick up from March onwards,’’ a Chinese trader said.
Chinese domestic prices for C12-14 fatty alcohols were at yuan (CNY) 10,000-10,300 ($1,608/tonne) DEL (delivered) during the week ended 16 January, broadly unchanged from the previous week.
($1 = CNY6.22)
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