14 February 2014 08:10 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Chongqing Wintinwe Chlor-alkali Chemical plans to shut its 100,000 dry metric tonne (dmt)/year caustic soda plant in Chongqing province on 15 February for 10 days of scheduled maintenance, a company source said on Friday.
The operating rate of this plant has been at 80% since the beginning of 2014, the source added.
The company’s offers of its 32% liquid caustic soda in Chongqing province remained stable at yuan (CNY) 2,350/dmt ($388/dmt) EXW (ex-works) during the week ended 14 February, following a CNY50/dmt decrease in the previous week, according to the source.
The maintenance shutdown will help the company to ease some selling pressure in the market where some buyers have yet to return from the Lunar New Year holidays, market sources said.
($1 = CNY6.06)
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