S Korea's LG Chem to advance maintenance at Daesan styrene unit

19 May 2010 12:34  [Source: ICIS news]

SINGAPORE (ICIS news) – South Korea’s LG Chem plans to bring forward the maintenance at its 160,000 tonne/year styrene monomer (SM) unit at Daesan from August to June due to unfavourable market conditions, a company sources said on Wednesday.

Styrene prices had dropped dramatically to $1,140-1,150/tonne FOB (free on board) Korea on Wednesday, a sharp decrease of $110/tonne week on week on the back of steep falls in crude values and upstream benzene prices, according to global chemical market intelligence service ICIS pricing.

The unit had been expected to go offline on 16 June for a half-month long maintenance to have its catalyst changed, the source added.

The company also operates another two lines with a total capacity of 500,000 tonne/year in Yeochon. These lines were running normally.

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By: Becky Zhang
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