China’s Sinochem lifts FM on polyols supply from Ningbo unit

15 October 2013 09:25  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinochem International has lifted the force majeure (FM) on the supply from its 50,000 tonne/year polyols plant at Ningbo, in Zhejiang province,  a company source said on Tuesday.

The plant producing rigid and case polyols was shut down on 8 October because of Typhoon Fitow, which had lashed eastern China with heavy rain and flooding earlier last week. The storm had disrupted road and sea transportation as well as the supply of several Chinese producers in the region.

According to the company source, the force majeure and earlier reduction in the output because of National Day holiday led to a 70% plant capacity in October.

As a result, the supplier negotiated spot cargoes for the first half of November – and not October - with players in other regions such as the Middle East, the source added.

By: Fahima Khail
+65 6780 4327

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