China’s Fushun Petrochemical shuts 350,000 tonne/year HDPE unit

08 January 2014 03:15  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Fushun Petrochemical shut its 350,000 tonne/year high density polyethylene (HDPE) unit on 7 January in Fushun, Liaoning province, a source close to the company said on Wednesday.

The HDPE unit will be shut down for about a month because of losses due to declining HDPE injection prices, according to the source.

The unit mainly produces HDPE injection grade since it was started up in 2012, the source added.

According to Chemease, an ICIS service in China, the average price of domestic HDPE injection grade in January 2014 was yuan (CNY) 11,450/tonne ($1,893/tonne), down by 0.58% compared with the average price in November 2013.

($1 = CNY6.05)


By: Lizzie Yu



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly