18 March 2013 03:45 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec Qilu Company plans to shut down its 355,000 tonne/year oxo-alcohols plant at Zibo in Shandong province on 7 April for scheduled maintenance, a company source said on Monday.
The maintenance will last about 38 days. The plant includes a 250,000 tonne/year 2-ethylhexanol (2-EH) unit, a 85,000 tonne/year n-butanol (NBA) unit, and a 20,000 tonne/year isobutanol (IBA) unit, the source added.
The shutdown is possibly to stablise or raise the domestic prices, which expects to ease the decline of domestic oxo-alcohols prices amid weak demand, one trader said.
The domestic 2-EH prices were assessed at yuan (CNY) 11,400-11,500/tonne ($1,836-1,852/tonne) ex-tank east China on 15 March, down by CNY 350/tonne compared with CNY 11,750-11,850/tonne ex-tank east China on 8 March, according to Chemease, an ICIS service in China.
Sinopec Qilu Company is one of the most important oxo-alcohols suppliers in the domestic market.
($1= CNY 6.21)
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