Corrected: China’s Jiangsu Sanmu restarts epoxy resins plant

19 February 2013 03:50  [Source: ICIS news]

Correction: In the ICIS news story headlined "China’s Jiangsu Sanmu restarts epoxy resins plant after holiday" dated 19 February 2013, please read in the last paragraph ... in east China during the week ended 5 February …instead of ….the week ended 7 February…A corrected story follows.

SINGAPORE (ICIS)--China’s Jiangsu Sanmu Group restarted its 220,000 tonne/year epoxy resins plant in Jiangsu province, China, on 16 February, and is operating at 70-80% capacity, a company source said on Tuesday.

The plant was shut during the Lunar New Year holiday on 9-15 February, the source said.

Domestic sales have resumed but offers of exports are still withheld. The producer would like to monitor the post-holiday prices of feedstocks bisphenol A (BPA) and epichlorohydrin (ECH) before deciding on its offer, the source said.

The domestic offers of drummed epoxy resins were heard at yuan (CNY) 19,500-19,700/tonne ($3,120-3,152/tonne) DEL (delivered) in east China, according to industry players, slightly higher than the prices assessed at CNY18,900-19,500/tonne DEL in east China during the week ended 5 February.

($1 = CNY6.25)

By: Hazel Goh

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