China’s Xuzhou Haitian Petchem restarts 200,000 tonne/yr PP unit

09 August 2013 10:29  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Xuzhou Haitian Petrochemical restarted its 200,000 tonne/year polypropylene (PP) plant in Jiangsu province on Friday afternoon, a company source said.

The unit, which will now be producing PP raffia, was shut down on 10 June because of squeezed margins, the source said.

Prior to its shutdown, the plant was producing PP random copolymer (PPR).

Spot PP yarn prices in China were assessed at yuan (CNY) 11,100-11,450/tonne ($1,814-1,871/tonne) this week, higher by CNY625/tonne from a month ago, according to Chemease, an ICIS service in China.

($1 = CNY6.12)

By: Angie Li
+65 6780 4359

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