20 December 2013 06:34 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Yancon Cathay Coal Chemicals restarted its 150,000 tonne/year oxo-alcohols facility at Tengzhou in Shandong province in the evening of 19 December after completing maintenance work, a company source said on Friday.
The company will ramp up the oxo-alcohols facility’s run rate to full capacity over the next 2-3 days, the source added.
The facility, which has a 135,000 tonne/year n-butanol (NBA) unit and a 15,000 tonne/year isobutanol (IBA) unit, was shut down on 9 December for maintenance.
Domestic NBA prices were assessed at yuan (CNY) 9,275/tonne ($1,528/tonne) ex-tank in east China on 19 December, compared with CNY9,425/tonne ex-tank on 12 December, according to Chemease, an ICIS service in China.
IBA prices were assessed at CNY8,650/tonne ex-tank in east China on 19 December, down by CNY 50/tonne from 12 December, the Chemease data showed.
As the restarted facility will increase the domestic supply, prices are likely to continue declining amid weak demand from end-users, a market player said.
($1 = CNY6.07)
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