S Korea's Polymirae halves PP o/p on C3 shortages

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.

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By: Chow Bee Lin
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