China’s Dongying Yimeide to restart DOP unit in early August

29 July 2013 09:14  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Dongying Yimeide Chemicals plans to restart its 100,000 tonne/year dioctyl phthalate (DOP) unit at Dongying in Shandong province at the beginning of August, a source close to the company said on Monday.

The DOP unit was shut on 9 July, because it was short of raw material 2-ethylhexanol (2-EH), which is supplied by Shandong Lihuayi Chemicals, the source said.

Shandong Lihuayi Chemicals had shut its 140,000 tonne/year 2-EH unit at the end of June, which tightened supply in the market as a result, the source added.

The restart of the DOP unit may not pull Chinese domestic DOP prices down significantly. because of the high raw material cost, a trader said.

Domestic DOP prices in east China were assessed at yuan (CNY) 11,750/tonne ($1,916/tonne) EXWH (ex-warehouse) east China on 26 July, compared with CNY 11,575/tonne on 22 July, according to Chemease, an ICIS service in China.

Dongying Yimeide Chemicals is a key plasticizer producer in Shandong  province.

($1= CNY6.13)

By: Cindy Qiu

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