S Korea’s KPIC cuts PP, HDPE production on squeezed margins

01 November 2011 02:21  [Source: ICIS news]

SINGAPORE (ICIS)--Korea Petrochemical Industry Co (KPIC) has cut production at its 530,000 tonne/year high density polyethylene (HDPE) and 470,000 tonne/year polypropylene (PP) plants at Onsan by 5-10% because of squeezed margins, a company source said on Tuesday.

The producer will run the HDPE lines at 95% and the PP lines at 90% in November, the source said.

KPIC will monitor the market and decide in the second half of November if it will maintain the reduced operating rates in December, he said.

For more on PE and PP, visit ICIS chemical intelligence

By: Chow Bee Lin
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index