30 May 2013 08:02 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Lianyungang Soda Ash Plant plans to shut its 1.3m tonne/year soda ash plant at Lianyungang in Jiangsu province on 18 June for a five-day maintenance, a company source said on Thursday.
The soda ash plant is currently operating at 66% capacity, according to the source.
The shutdown of the plant will result in a loss of 12,000 tonnes of soda ash output in June, the source said, adding that total domestic soda ash output in May stood at 72,000 tonnes.
The producer’s offers of light-grade soda ash were at yuan (CNY) 1,320/tonne ($216/tonne) EXW (ex-works) on 30 May, up by CNY40/tonne from its offers on 20 May.
As China’s large-scaled soda ash plants are typically shut in June-July for maintenance, the source said the market can expect more plants to undergo turnarounds in the coming weeks.
Meanwhile, China’s Qingdao Soda Ash Industrial plans to shut its 800,000 tonne/year soda ash plant in Shandong province in July, a company source said.
However, the company has not confirmed a specific date and timeline, the source said.
The pending turnarounds at China's large soda ash plants are likely to ease the oversupply in domestic market, a market player said.
($1 = CNY6.12)
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