13 May 2013 07:29 [Source: ICIS news]
SINGAPORE (ICIS)--Sinopec Beijing Yanshan is expected to restart its 300,000 tonne/year Group I base oils plant at Beijing in early June, a company source said on Monday.
The producer shut the plant in late April for a routine turnaround, the source said, adding that the company managed to supply the domestic market with about 1,000 tonnes/month of Group I base oils from its inventories during the shutdown.
The plant restart is expected to cause supply to northern China to increase and this is likely to weigh down on Group I base oil prices in that region, market participants said.
Sinopec Beijing Yanshan has also decided to delay the start-up of a 300,000 Group II base oils plant at the same site to October, from its original schedule of June, the company source said without providing a reason for the postponement.
The new Group II unit is designed to produce mainly low-viscosity Group II N150, N250 and N500 base oils.
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