11 April 2013 07:52 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Alpha Jiangyin Bitumen will halt its bitumen production from 3 May onwards, when it starts a month-long maintenance at its site at Jiangyin in Jiangsu province, a company source said on Thursday.
Alpha Jiangyin has a 700,000 tonne/year bitumen plant and 1.2m tonne/year crude distillation unit (CDU) at the site.
The refiner, whose bitumen stocks had been at a medium-to-high level, will be able to ease its inventory pressure on the back of the maintenance shutdown, the source added.
The company will also maintain normal supply levels to the market during the turnaround, the source said.
The output loss from the refiner is unlikely to tighten the supply in east China, as end-user demand has not improved, according to an industry source.
The refiner produced 55,000 tonnes of bitumen in March and it plans to produce 30,000-40,000 tonnes of bitumen in April.
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