Korea PTG likely to cut polytetramethylene ether glycol run rate

29 November 2011 06:59  [Source: ICIS news]

SINGAPORE (ICIS)--Korea PTG is likely to cut the operating rate at its 30,000 tonne/year polytetramethylene ether glycol (PTMEG) plant in Ulsan to 80% because of weak demand from the downstream spandex segment, a company source said on Tuesday.

Korea PTG lowered the rate from 100% to 90% earlier in November to manage its inventory levels, the source added.

If the company continues to lower its PTMEG run rate, it is likely to stop importing spot feedstock butanediol (BDO) in December, the source said.

The peak demand seasons for spandex are usually in the second and third quarters of the year.

“This year is an unusually slow year for the company, due to the economic turmoil in the US and the eurozone,” said the source.

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By: Quintella Koh
+65 6780 4372

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