China’s Zhejiang Qing'an Chemical runs DOP plant at 80%

15 October 2013 07:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Zhejiang Qing'an Chemical is running its 150,000 tonne/year dioctyl phthalate (DOP) unit at Jiaxing in Zhejiang province at around 80% capacity following the restart on 14 October, a source close to the company said on Tuesday.

The unit was shut down on 23 September because of feedstock shortage, the source said.

The restart may weigh down DOP prices in the domestic market amid weak demand and depressed market confidence, one market source said.

Domestic DOP prices in east China were assessed at yuan (CNY) 10,950/tonne ($1,792/tonne) EXWH (ex-warehouse) east China on 14 October, down by CNY100/tonne compared with CNY11,050/tonne on 12 October, according to Chemease, an ICIS service in China.

China’s Zhejiang Qing'an Chemical is a key plasticizer producer at Jiaxing in Zhejiang province.

By: Cindy Qiu

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