S Korea's Kumho P&B cuts MIBK op rate on limited feedstock

08 March 2011 07:01  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Kumho P&B Chemicals has reduced the operating rate at its 30,000 tonne/year methyl isobutyl ketone (MIBK) plant in Yeosu to around 80% since late February due to limited feedstock, said a company official on Tuesday.

“We don’t have enough acetone,” he said, adding that the lack of feedstock was due to upstream production woes but he did not provide further details.

The producer is still scheduled to have a two-week turnaround in May, the source added.

Tight supply in northeast Asia kept MIBK spot prices at above $1,800/tonne (€1,296/tonne) CFR (cost and freight) China this week, according to data from ICIS.

($1 = €0.72)

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By: Peh Soo Hwee
+65 6780 4359

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