23 April 2013 03:48 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Henan Kaixiang Chemical shut its two 45,000 tonne/year 1,4-butanediol (BDO) units, located at central Henan province, on 20-21 April for 15-20 days of maintenance, a company source said on Tuesday.
The company will ensure the supply for its contract users during the shutdown period, although the spot sales will likely be limited given the low inventory, the source added.
China’s Henan Kaixiang had reduced the operating rates at both BDO units from 80% to 50-60% since the end of March because of weak demand.
Domestic BDO prices in China were assessed at yuan (CNY) 13,800-14,200/tonne ($2,233-2,298/tonne) on 22 April, according to Chemease, an ICIS service in China.
($1 = CNY6.18)
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