24 April 2013 07:49 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Yuhuang Chemical plans to restart its 200,000 tonne/year styrene monomer (SM) unit at Heze in Shandong province on 26 April, a company source said on Wednesday.
The unit was taken off line on 19 March for a 38-day maintenance, the source added.
The pending restart of the SM unit will increase the supply in the domestic market, which is likely to put downward pressure on prices, one market source said.
Domestic SM prices in north China were at yuan (CNY) 12,650-12,700/tonne ($2,047-2,055/tonne) on 24 April, according to Chemease, an ICIS service in China.
Shandong Yuhuang Chemical also has a 100,000 tonne/year downstream expandable polystyrene (EPS) unit at the same site, which was restarted on 23 April.
The EPS unit was shut on 11 March for maintenance, in line with its upstream plant turnaround, according to the company source.
The producer is currently operating the EPS unit at a low capacity, but the source did not disclose the specific run rate.
($1 = CNY6.18)
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