26 September 2013 09:10 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Xinjiang Chemical Industrial Group is going to restart its 200,000 tonne/year soda ash unit at Hami in Xinjiang province on 30 September as the market situation has improved, a company source said on Thursday.
The plant was taken off line on 18 April for maintenance, the source said.
The plant was initially due to be restarted on 18 May, but the restart was delayed because the market was weak at that time, the source added.
In light of improved domestic soda ash demand following some new start-ups in the downstream flat glasses segment, the company plans to restart the plant at the end of this month, one trader said.
Spot light-grade soda ash prices in northwest China were assessed at yuan (CNY) 1,150-1,160/tonne ($188-190/tonne) DEL (delivered) on 25 September, up by CNY130-150/tonne compared with CNY1,000-1,030/tonne on 1 September, according to data from Chemease, an ICIS service in China.
($1 = CNY6.12)
Additional reporting by Promise Xu
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