13 July 2010 11:20 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s producer KPX Fine Chemical plans to shut one of its toluene di-isocyanate (TDI) facility in Yeosu on 20 July for 10-15 days in order to control its inventory while prices of the material are low in Asia, a company source said on Tuesday.
The company has two lines with a nameple capacity of 50,000 tonnes/year each.
Spot TDI prices were discussed on 13 July at $2,380-2,500/tonne (€1,880-1,975/tonne) CFR (cost and freight) CMP (China Main Port)/Hong Kong, up $40/tonne on the low end from last week, market sources said.
Limited July quantities were sold by KPX at $2,400/tonne CFR CMP/Hong Kong earlier this month.
KPX set the tentative shutdown duration at up to 15 days, but if prices failed to recover to $2,500/tonne CFR CMP/?xml:namespace>
“Although TDI prices has rebounded slightly since last Thursday, we are not sure how long this will last. So, we will go ahead with our plans,” he added.
($1 = €0.79)
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