18 April 2013 09:05 [Source: ICIS news]
SINGAPORE (ICIS)--Sinopec Baling Petrochemical reduced its caprolactam (capro) output by shutting its 130,000 tonne/year caprolactam (capro) line at Yueyang city in Hunan province on 14 April amid weak demand, a company source said on Thursday.
Low operating rates in the downstream sector leading to weak demand has weighed on the sales of most Chinese capro suppliers in March. It is believed that Baling Petrochemical has shut one of its capro lines to avoid stockpiling.
However, the source did not disclose when the line will be restarted.
Baling Petrochemical’s other two lines, with a combined capacity of 170,000 tonnes/year, are operating at full rate, the source said.
Meanwhile, Zhejiang Baling Hengyi Caprolactam, a joint venture between Sinopec and Hengyi Petrochemical, reduced the operating rate of its 200,000 tonne/year capro plant in Hangzhou in Zhejiang province to 65% from 100% on 18 April, a well-informed market source said.
The overall operating rate of capro plants in China is around 70%, down by 10 percentage points compared with the previous week.
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