30 July 2013 07:16 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Kaifeng Longyu Chemical has pushed back the start-up of its new 60,000 tonne/year polyoxymethylene (POM) at Kaifeng, Henan province, because of concerns about an oversupply in the domestic market, a source close to the company said on Tuesday.
The new plant was scheduled to start up in 2013 but has been delayed indefinitely, and the decision might be taken next year, the source said.
POM demand in China is estimated at 200,000-300,000 tonnes/year and the existing domestic capacity is close to 400,000 tonnes/year, he said.
Kaifeng Longyu Chemical currently operates a 40,000 tonne/year POM plant at Kaifeng, which is running at 10% of nameplate capacity.
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