Shanghai SECCO cuts styrene rates to 85%

28 October 2008 09:06  [Source: ICIS news]

SHANGHAI (ICIS news)--Shanghai SECCO Petrochemical has reduced the operating rates at its 500,000 tonne/year styrene monomer (SM) plant by 15% to 85% on weakness in the domestic market, said a company source on Tuesday.

Operating rates at the company's downstream 300,000 tonne/year polystyrene (PS) unit were also cut to around 60%.

"The limited profit we got forced us into cutting the operating rates," added the source.

Another major domestic producer, BASF-YPC, has also cut production levels at its 120,000 tonne/year SM plant to an undisclosed rate, said a company source.

Its downstream 50,000 tonne/year expandable polystyrene (EPS) unit was operating at 70% and 180,000 tonne/year PS unit at 50-60%, the source added.

Judith Wang contributed to this article
For more on styrene and polystyrene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Dolly Wu
+65 6780 4359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 29 October 2009)

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