China’s Jiangxi Liuguo Chemical shuts NPK plant for maintenance

09 May 2014 08:24 Source:ICIS News

SINGAPORE (ICIS)--China’s Jiangxi Liuguo Chemical shut its 300,000 tonne/year nitrogen phosphorus potassium (NPK) fertilizer unit in Jiangxi province on 8 May for maintenance, a company source said on Friday.

The company will shut the plant for about 15 days,” the source said.

The shutdown of the NPK plant is unlikely to have an impact on the NPK prices and the supply situation because of sluggish demand from the downstream market, the source added.

Meanwhile, a market source said that given the downturn in the domestic market prices, and that Jiangxi Liuguo still has some NPK stocks, it casts doubt on whether the company could resume production as scheduled.

By Rita Wang