China domestic PP raffia yarn up CNY200-250/t on supply concerns

30 July 2013 13:18  [Source: ICIS news]

SINGAPORE (ICIS)--China’s domestic polypropylene (PP) raffia yarn prices increased by yuan (CNY) 200-250/tonne ($33-41/tonne) this week on concerns about tightening supply, following the unexpected shutdowns and delays in resuming production at some local plants, industry sources said on Tuesday.

On 29 July, spot PP raffia yarn prices in the Chinese domestic market were at CNY10,800-11,100/tonne, compared with CNY10,600-10,850/tonne in the previous week, according to Chemease, an ICIS service in China.

Ningbo Heyuan Chemical’s 400,000 tonne/year PP unit in Zhejiang province is currently shut and will be restarted a week from 23 July, a company source said, without providing details on the cause of the plant’s shutdown. Sources said the shutdown may have been caused by equipment failure linked to the plant’s boiler.

Fushun Petrochemical, meanwhile, has delayed resuming production at its 300,000 tonne/year and 90,000 tonne/year PP plants in Liaoning province to 20 August. The two plants were taken offline on 15 May and scheduled to restart in mid-June, market sources said.

Datang International also delayed the restart of its two 250,000 tonne/year PP plants in Inner Mongolia to early August, a company source said. The two PP plants were shut on 30 June and expected to be restarted at the end of July.

Shaoxing Sanyuan Petrochemical shut its 300,000 tonne/year PP plant in Zhejiang province on 21 July after it was hit by lightning and restarted on 24 July, a company source said.

($1 = CNY6.13)

By: Doreen Zhao

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