Taekwang cuts ACN operating rate on weak demand

15 July 2008 10:16  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korean acrylonitrile (ACN) producer Taekwang Industrial has cut the operating rate of its 250,000 tonne/year plant in Ulsan by 5% on poor demand, a company source said on Tuesday.

 

“We will run our ACN plant at 95% [capacity] in July as demand has slowed down,” the source said.

 

Several downstream acrylic fibre (AF) and acrylonitrile-butadiene-styrene (ABS) producers in northeast Asia have cut operating rates by 10-50% due to weak consumer demand.

 

Demand for ACN is likely to remain flat in July, given that the derivative AF and ABS producers are unlikely to ramp up operating rates to full in the near term.

 

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By: Helen Yan
+65 6780 4359

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