27 November 2013 07:39 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Luoyang Petrochemical plans to shut down its two polypropylene (PP) lines in Luoyang, Henan province, with a total capacity of 220,000tonnes/year on 1 December for maintenance on feedstock shortage, a company source said on Wednesday.
The oil pipeline at Huangdao District in Qingdao exploded on 22 November, and was taken off line. Therefore, the crude oil transmission was in temporary suspension, leading to the PP shortage for Luoyang PC. The old PP line with a capacity of 80,000 tonnes/year and the new PP line with a capacity of 140,000 tonnes/year are both running at lower operating rates because of feedstock shortage, and are due to shut down after four days, a company source added.
The market supply for PP turned tight to some extent, with the restart date of Luoyang PC undisclosed, said by a trader in northern China.
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