S Korea's Lotte Chem restarts ethanolamines unit after shutdown

06 February 2013 07:12  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Lotte Chemical Corp restarted its 50,000 tonne/year ethanolamines plant at Jiaxing city in China’s Zhejiang province on 2-3 February after a two-week shutdown, a company source said on Wednesday.

Market players said the shutdown was because of some mechanical issues. However, the source declined to confirm this and said the unit was shut on 19 January because of “unspecified reasons”.

The producer has ramped up the unit’s operating rate 80% of capacity since its restart, according to a source close to the company.

China’s diethanolamines (DEA) prices rose to yuan (CNY) 11,900-12,400/tonne ($1,910-1,990/tonne) EXWH (ex-warehouse) on 6 February, up by CNY100-300/tonne from the previous week because of tight supply, ICIS data showed.

($1 = CNY6.23)

By: Becky Zhang
+65 6780 4359

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