SINGAPORE (ICIS)--China’s Shandong Luxi Chemical runs its 250,000 tonne/year oxo-alcohols facility at Liaocheng in Shandong province 80-90% of capacity following the restart on 23 April, a company source said on Friday.
The facility, which includes a 100,000 tonne/year n-butanol (NBA) unit and a 150,000 tonne/year 2-ethylhexanol (2-EH) unit, was shut down from 9 April for turnaround, the source added.
After the facility was shut, other domestic producers have increased their oxo-alcohols offers twice, and offers were up by a cumulative of yuan (CNY) 200/tonne ($32/tonne) to CNY9,500-9,600/tonne ex-tank, market sources said.
The spot oxo-alcohols prices in east China increased by CNY200/tonne to CNY9,750-9,850/tonne ex-tank on 25 April compared with the prices prior to the shutdown, according to Chemease, an ICIS service in China.
The restart will increase the domestic oxo-alcohols supply, and oxo-alcohols prices are likely to be stable or decline, one market player said.
($1 = CNY6.25)