China's Daqing Petrochemical restarts oxo-alcohols plant

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

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

 


By: Lina Xu
+65 6780 4359



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