26 June 2013 08:46 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hualu Hengsheng plans to start-up its new 180,000 tonne/year oxo-alcohols facility at Dezhou in Shandong province around 28 June, a company source said on Wednesday .
The facility includes an 80,000 tonne/year 2-ethylhexanol (2-EH) unit and a 100,000 tonne/year n-butanol (NBA) unit, the source added.
With the company’s new start-up, tight domestic oxo-alcohols supply in China is expected to ease, a market player said.
Prices are likely to continue to fall because of the new start-up, the market player added.
The domestic 2-EH prices were assessed at yuan (CNY) 10,250/tonne ($1,667/tonne) ex-tank east China on 25 June, down from CNY10,350/tonne ex-tank east China on 18 June. NBA prices were assessed at CNY9,075/tonne ex-tank east China on 25 June, down from CNY9,225/tonne ex-tank east China on 18 June, according to Chemease, an ICIS service in China.
The traders are holding an optimistic outlook for the second half of this year because of the new plant start-ups expected in next half of the year (see table below) which would further ease the tightness in supply.
Table: Planned plant start-ups in H2 2013 Supplier?xml:namespace> Capacity (kt/year) Start time Yankuang 150 mid-July 2013 Nanjing Wison 250 mid-August 2013 Jiangsu Shanjun 180 mid-August 2013 Tianjin Soda (the second phase) 250 September 2013 Total 830
Tianjin Soda (the second phase)
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