24 May 2013 11:03 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Befar Group has restarted its propylene oxide (PO) 80,000 tonne/year unit earlier this week after an outage during the weekend, sources close to the company said on Friday.
The facility at Binzhou City was shut for two to three days because of power issues, but was operational again by 22 May, they added.
Company officials have declined to provide further details.
Meanwhile, the firm’s 115,000 tonne/year PO unit at the same site was shut on 22 May for a planned maintenance until 30 May.
As a result of the unexpected supply disruptions, local Chinese PO prices rose at the beginning of the week by yuan (CNY) 100-200/tonne ($16-33/tonne) to reach around CNY11,800/tonne DEL north China and around CNY12,000/tonne DEL east China, according to ICIS Pricing.
Befar Group is the one of the largest domestic providers of PO in China, catering largely to end-users in the northern and eastern parts of the country.
Additional reporting by Vikki Shen
($1 = CNY6.14)
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