16 July 2008 09:59 [Source: ICIS news]
SHANGHAI (ICIS news)--China-based Ningbo LG Yongxing Chemical would likely cut operating rates at its acrylonitrile-butadiene-styrene (ABS) plant due to squeezed margins, a company source said on Wednesday.
“Skyrocketing feedstock prices and low demand plagued our margins severely,” the source said, declining to elaborate how much it would cut the operating rate.
"We will not rule out the possibility of price hikes if the operating rate reduction does not offset losses."
The 500,000 tonne/year ABS plant, located in ?xml:namespace>
The company is a joint venture of LG Chem and
($1 = €0.63)
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