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Sinopec treks ex-works butadiene prices for second time in 3 days

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China Oil & oilfield chemical company for sale – http://www.associazioneridere.it/index.php?option=com_k2&view=itemlist&task=user&id=42978 Corp or Sinopec has actually increased its ex-works rates for butadiene for the 2nd time today, this time by 8% in the eastern, northern as well as southerly districts, neighborhood end-users stated Thursday.

Its subsidiaries in East China, Sinopec Yangzi Petrochemical, Sinopec Shanghai Petrochemical and Zhenhai Refining & Chemical, are now providing butadiene at Yuan 27,000/ mt, or regarding $3,590/ mt on an import parity basis, up Yuan 2,000/ mt, or 8% from Yuan 25,000/ mt on Tuesday, the sources claimed.

In South China, Guangzhou Petrochemical and also Maoming Petrochemical are selling butadiene at Yuan 27,500/ mt, up Yuan 2,000/ mt or virtually 8% from Yuan 25,500/ mt on Monday.

In North China, Sinopec Sabic Tianjin is likewise selling butadiene at Yuan 27,500/ mt, up Yuan 2,000/ mt from Yuan 25,500/ mt on Monday.

Sinopec on Tuesday had actually increased its ex-works prices for butadiene in East China by greater than 6%, as well as on Monday elevated its rates in South and also North China by Yuan 1,500/ mt to Yuan 25,500/ mt.

Butadiene supply is limited in China, an end-user stated, as well as looming turnarounds at overseas as well as residential plants are anticipated to better limit supply.

Sinopec Maoming’s No. 1 center strategies to close its naphtha-fed vapor biscuit in southwestern Guangdong district February 13-25. The biscuit can make 380,000 mt/year of ethylene as well as supplies crude C4 feedstock to a 50,000 mt/year butadiene extraction system, which will certainly run at an undisclosed reduced rate because of the closure.

In South Korea, Honam Petrochemical plans to shut its naphtha-fed heavy steam biscuit at Yeosu March 1-April 15 for 45 days. Honam’s biscuit products unrefined C-4 feedstock to a 130,000 mt/year butadiene plant, which will certainly likewise be shut.

Additionally in South Korea, YNCC’s No. 2 naphtha-fed heavy – http://search.un.org/search?ie=utf8&site=un_org&output=xml_no_dtd&client=UN_Website_en&num=10&lr=lang_en&proxystylesheet=UN_Website_en&oe=utf8&q=naphtha-fed%20heavy&Submit=Go steam cracker at Yeosu will certainly be shut for an estimated one month from March 20. The biscuit supplies feedstock to a 220,000 mt/year butadiene plant at Yeosu that is possessed by YNCC.

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