17 May 2013 10:48 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zibo Qixiang Tengda Chemical is currently operating its 70,000 tonne/year methyl ethyl ketone (MEK) facility in Zibo, Shandong province, at around 80% capacity after resuming operations this week, a company source said on Friday.
The Chinese producer restarted a 40,000 tonne/year line at the plant on 14 May, nearly a week after it restarted another 30,000 tonne/year line at the same facility. Both lines were shut for maintenance in early April.
Chinese domestic prices came under downward pressure from increased supplies and weak demand during the week of 13 May.
Prices in east China were at yuan (CNY) 8,050-8,150/tonne ($1,309-1,325/tonne) ex-tank on 17 May, down by CNY50-100/tonne from the previous week.
($1 = CNY6.15)
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