22 March 2013 07:37 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Dahua Group Dalian Chemical Industry plans to restart its 600,000 tonne/year soda ash unit at Dalian, Liaoning province, on 24 March, a company source said on Friday.
The plant was shut on 12 March for 12 days of scheduled maintenance, according to the source.
The domestic demand from downstream flat glasses has been weak because of the Chinese government's severe measures taken on 20 February this year to levy more taxes on purchases of housing property which have resulted in less property sales, according to a local market player.
The restart of Dahua's unit may lead to more supply, and prices will decrease in the local market, the player added.
Spot dense 99% soda ash prices in northeast China were assessed as stable at yuan (CNY) 1,370-1,420/tonne ($220-228/tonne) DEL (delivered) on 21 March, compared with 15 March, while light-grade soda ash prices in northeast China were also stable week on week at CNY1,300-1,400/tonne on 21 March, according to data from Chemease, an ICIS service in China.
($1 = CNY6.22)
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