China’s Hualu Hengsheng to start up new oxo-alcohols facility

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

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

 

($1 = CNY6.15)


By: Lina Xu
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly