16 April 2009 16:42 [Source: ICIS news]
The step is influenced by the current market environment, existing commitments, and would help balance the markets, INEOS said in a press release.
The decision would also result in a temporary reduction of 15 employees, said operations director Andreas Pohlmann.
Cumene is a raw material for phenol and acetone. Phenol/acetone plants are running at 50% operating rates due to weak phenol demand.
US cumene prices are 24 cents/lb ($529/tonne, €402/tonne), according to global chemical market intelligence service ICIS pricing.
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