05 September 2013 10:02 [Source: ICIS news]
SINGAPORE (ICIS)--China's Shaoxing Sanyuan Petrochemical cut the operating rate at its 200,000 tonne/year and 300,000 tonne/year polypropylene (PP) plants in Zhejiang province to 60% in early September because of a feedstock propylene shortage, a company source said on Thursday.
The company first reduced the operating rate of its two plants to 80% in end-August, the source added, although the original plan was to shut its 300,000 tonne/year PP line on 31 August.
Market players said that a recent typhoon has caused delays in shipments, resulting in a lack of feedstock propylene.
The company will shut the two plants temporarily if the propylene shipments do not arrive in the near term, the company source said.
The delay has also caused the other producer Xuzhou Haitian Petrochemical to shut its 200,000 tonne/year PP plant in Jiangsu province on 26 August because of a shortage in feedstock propylene.
Additional reporting by Summer Zhang
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