12 November 2013 10:06 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hainan Handi Sunshine Petrochemical has adjusted its output portfolio from its 300,000 tonne/year Group II base oil plant in Hainan province, following feedstock change in the middle of October, a company source said on Tuesday.
The monthly production of N400 base oils, which has higher viscosity level, increased significantly and makes up about 40% of the total output, the source said.
The current output ratio of N70, N150 and N400 is 10:50:40 since mid-October when the plant was restarted, compared with the ratio of 25:65:10 before the shutdown on 1 July 2013, the source said.
The new output ratio may be maintained for at least one year, added the source.
Meanwhile, the company started to supply Group II N400 base oils to the spot market from 12 November, and the monthly volume will be 3,000-4,000 tonnes, the source said.
However, no spot supply of N70 and N150 grades will be available in November because of decreased production, added the source.
Hainan Handi Sunshine Petrochemical sold its Group II N400 base oils at yuan (CNY) 10,200/tonne ($1,675/tonne).
($1 = CNY6.09)
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