16 April 2013 07:28 [Source: ICIS news]
SINGAPORE (ICIS)--Sinopec Beijing Yanshan plans to shut its 300,000 tonne/year Group I base oils plant in Beijing on 20 April for maintenance, a company source said on Tuesday.
The company is planning to restart the unit in early June, the source said.
However, commercial Group I base oils supply from the plant will increase by about 50% month on month to 2,000 tonnes in April as the company has abundant stocks, the source said.
The company is keeping its prices unchanged for April because of a sluggish domestic trading market and sufficient Group I supplies in north China, added the source.
Group I base oils were traded at yuan (CNY) 8,600-9,700/tonne ($1,389-1,567/tonne) in north China on 16 April, flat on a week before, traders said.
($1 = CNY6.19)
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