22 February 2013 08:59 [Source: ICIS news]
SINGAPORE (ICIS)--China-based Shinho (Changzhou) Petrochemical restarted its 70,000 tonne/year acrylonitrile-butadiene-styrene (ABS) plant on 22 February following its shutdown for almost a month, a company source said on Friday.
The company will gradually increase the plant’s operating rate to the normal rate of 40% by the following week, the source said.
The plant was shut on 28 January as a result of high feedstock costs and Chinese Lunar New Year holiday, the source added.
The plant is located in Changzhou city, in the eastern province of Jiangsu.
Domestic ABS rose by yuan (CNY) 100-350/tonne ($16-56/tonne) from the previous assessment on 8 February to CNY15,100-15,800/tonne DEL (delivered) in east China for the week ended 22 February, according to Chemease, an ICIS service in China.
($1 = CNY6.24)
Additional reporting by Iris Xi
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