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C5 Petroleum Resin price trends in Sep.2012

One of the biggest subordinate refinery under SINOPEC,located in Tianjin,by early September has began to have a 50 days comprehensive overhaul for equipment maintenance.The annual output of the ethylene  of the plant is around 1 million MT. The maintance from Sep. to Oct.will makes the raw materials of the C5 resin becomes very short for most of the Chinese C5 Petroleum Resins manufactures. In view of this factor, CREDREZ anticipate the price of the C5 Hydrocarbon Resin will go up very soon. The rising trend will last around 2 months. At the end of Oct.2012, maybe the C5 resin price will come down a little or keeps at stable price level.