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)
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