27 August 2013 08:28 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Daqing Petrochemical has restarted its 210,000 tonne/year oxo-alcohols plant at Daqing in Heilongjiang province on 26 August following a scheduled turnaround, a company source said on Tuesday.
The scheduled maintenance began on 5 August this year, according to the source.
The plant’s current operating rate is not immediately available, the source said.
The Daqing plant comprises of a 130,000 tonne/year 2-ethylhexanol (2-EH) unit as well as a 80,000 tonne/year n-butanol (NBA) unit, according to the source.
The supply of domestic oxo-alcohols will increase following the restart of the plant, and this will likely push prices lower, according to a market player.
Market sentiment is expected to remain weak on the back of new capacity start-ups in the second half of this year, according to traders (please see table below).
Producer?xml:namespace> Capacity (kt/year) Start-up Timeline Nanjing Wison 250 End-September 2013 Jiangsu Shanjun 180 End-September 2013 Tianjin Soda (second phase) 250 September 2013 Total 680
Tianjin Soda (second phase)
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