21 August 2013 08:27 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shijiazhuang Bailong Chemical has shut down its 30,000 tonne/year phthalic anhydride (PA) line at Shijiazhuang in Hebei province on 21 August in view of squeezed margins, a company source said on Wednesday.
The shutdown is because of high feedstock prices amid weak downstream demand from market such as the dioctyl phthalate (DOP) and unsaturated polyester resin (UPR) sectors, the company source said.
The exact restart date was not immediately known, the source added.
The shutdown will not have any impact on the supply of the PA material from the company as it had set aside some stock ahead of the turnaround, the source added.
The shutdown may lead to a decline in PA supply in south China. However, it will have little impact on the spot market amid weak downstream demand, a market player said.
The company has two other PA lines, with capacities of 20,000 tonnes/year and 10,000 tonnes/year, in operation.
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