17 October 2008 15:11 [Source: ICIS news]
“We have officially cut operating rates on cumene and phenol because of poor demand for phenol,” said the company source. “Our order book has suddenly decreased.”
Novapex declined to confirm how far it had cut operating rates at the
The decision to cut operating rates followed news that INEOS Phenol and Domo Caproleuna have slashed output further in
Domo said that the decision to reduce operating rates even further at its facility in
The company preferred not to comment on exact operating rates at its 150,000 tonne/year phenol and 90,000 tonne/year acetone plant.
“Every day you get more information that customers have reduced but we are hoping that the first quarter will be better,” said a Domo source.
The global major, INEOS Phenol also confirmed on Friday that it had cut its phenol and acetone production again. The company has been running its plants in
A company source confirmed that phenol/acetone production was now 30% below capacity.
“Quarter four will be tough,” he said.
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