Tongsuh to continue lower ACN op rates in Jan

23 December 2005 02:56  [Source: ICIS news]

SINGAPORE (ICIS news)--Tongsuh Petrochemical, South Korea’s largest acrylonitrile (ACN) producer, will continue to operate its plants a reduced rates in January due to weak market fundamentals, a company source said on Friday.

The plant at Ulsan, South Korea, has two lines that can produce 270,000 tonne/year of ACN in total. It has been operating at 90% of capacity since completing a month-long turnaround on 5 November. The source decline to speculate on when production will be back to 100% of capacity.

High feedstock propylene costs and sluggish demand have forced ACN plants across the region to reduce operating rates in recent weeks. Tongsuh, South Korea’s largest importer of feedstock propylene, will reduce its purchases in January due to the lower output.

Tongsuh is a subsidiary of Japan’s Asahi Kasei Chemicals, which has a 150,000 tonne/year ACN plant at Kawasaki, Japan. The lines are operating at full capacity after completing a month-long turnaround in November.

By: Steve Tan
+65 6780 4359

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