04 December 2008 03:17 [Source: ICIS news]
SINGAPORE (ICIS news)--Shortages in on-site propylene feedstock forced South Korea's polypropylene (PP) producer Polymirae to cut production at its 600,000 tonne/year Yeosu facility to 50% by shutting its No 2 line on Thursday, a company source said.
Its feedstock supplier, Yeochun Naphtha Cracking Center (YNCC), has been restricting its propylene supply since early December, the source said. He declined to say what caused the restrictions.
YNCC had shut one of its crackers in November due to poor demand.
Production at Polymirae’s Yeosu facility was only raised to 75% middle of last week, after hovering at 50% on average the previous weeks due to weak demand.
“We’ll adjust our production rates again once we get more propylene,” the source said.
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|