S Korea’s LG Chem to turn around PP unit in May

23 April 2008 08:04  [Source: ICIS news]

SHANGHAI (ICIS news)--South Korea-based LG Chemical plans to turn around its 250,000 tonnes/year polypropylene (PP) plant in Daesan, a company source said on Wednesday.

The plant would shut down from 8-22 May said the source, adding that its upstream cracker would operate normally.

The company did not give its nominations for May contract cargoes as its supply would be limited due to the shutdown, he added.

Yarn grade PP from South Korea increased by $20-30/tonne (€12-19/tonne) to $1,560 tonne/year CFR (cost and freight) China for May loading, traders said.

($1=€0.63)

For more on PP visit ICIS chemical intelligence

By: Judith Wang
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly