28 August 2013 09:54 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Inner Mongolia Junzheng Energy & Chemical is running its 220,000 dry metric tonne (dmt)/year caustic soda unit at 70-80% capacity following its restart on 26 August, a company source said on Wednesday.
The plant, located at Wuhai in Inner Mongolia, was shut on 18 August for scheduled maintenance, the source said.
According to the company source, Inner Mongolia Junzheng’s overall caustic soda capacity will reach 440,000 dmt/year with the start-up of its new 220,000 dmt/year caustic soda unit at Wuhai on 29 August.
An increase in liquid caustic soda supply as a result of the restart and start-up of the chlor-alkali plants is expected to weigh on the oversupplied market further, and local liquid caustic soda prices are likely to decrease in the near term, a local market player said.
Prices of 50% liquid caustic soda rolled over at yuan (CNY) 1,400-1,500/dmt ($229-245/dmt) during the week ended 28 August amid subdued trading sentiment, according to Chemease, an ICIS service in China.
($1 = CNY 6.12)
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