China’s Lanzhou Petrochemical restarts Gansu LDPE plant

24 April 2013 07:33  [Source: ICIS news]

SINGAPORE (ICIS)--China's Lanzhou Petrochemical on 24 April restarted its 200,000 tonne/year low density polyethylene (LDPE) plant in Gansu province, a company source said on Wednesday.

The producer shut the LDPE plant on 10 April because of a technical issue, the source added.

Local distributors said the price of LDPE may decline after the plant’s restart because of the increase in supply.

Domestic LDPE prices are currently at yuan (CNY) 10,650-10,950/tonne ($1,723-1,772/tonne), according to Chemease.

Lanzhou Petrochemical is a subsidiary of Chinese state-owned oil giant PetroChina.

($1 = CNY6.18)

By: Lizzie Yu

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