17 August 2009 05:24 [Source: ICIS news]
SINGAPORE (ICIS news)--China's Sanfangxiang reduced operating rates at its 700,000 tonne/year polyethylene terephthalate (PET) plant by 10% early last week to 70% due to soft business conditions, a company source said on Monday.
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“The export market remains weak and we are going to run at reduced rates till the market improves,” the company source said in Mandarin.
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