22 February 2013 03:39 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Kaifeng Dongda Chemical cut production at its caustic soda plant to 40% of capacity on 21 February because of weak downstream demand, a company source said on Friday.
Kaifeng Dongda’s 200,000 tonne/year caustic soda plant, located at Kaifeng in Henan province, was running at 70-80% capacity before the Lunar New Year holiday, the source added.
Kaifeng Dongda is offering 32% liquid membrane caustic soda at yuan (CNY) 2,100/tonne ($337/tonne) on 22 February, according to Chemease, an ICIS service in China.
The prices of caustic soda in Henan province fell sharply in February, down by CNY200/tonne compared with last month. The prices dropped amid lower buying ideas from alumina producers as the market is weak.
($1 = CNY6.24)
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