26 April 2005 05:19 [Source: ICIS news]
SINGAPORE (CNI)--Taiwan's Grand Pacific Petrochemical Corp (GPPC) will redcue operating rates of its styrene monomer (SM) plants to 80% in May due to weaker downtream demand, market sources told CNI on Tuesday.
The company operates a 130,000 tonne/year SM plant and another 200,000 tonne/year plant at Ta She, near Kaoshiung in southern Taiwan.
Meanwhile, consumption of styrenic plastics is expected to decline further during the long Chinese Labour Day holiday in early May. This added to the bearish tone in the SM market.
GPPS also operates a 80,000 tonne/year ABS/SAN plant at the same location.
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