17 April 2012 12:14 [Source: ICIS news]
SINGAPORE (ICIS)--Honam Petrochemical may cut production at its polypropylene (PP) facilities at Yeosu and ?xml:namespace>
The producer operates three PP plants in Yeosu with a combined capacity of 400,000 tonnes/year, and two PP plants at Daesan with a combined capacity of 550,000 tonnes/year, according to ICIS data.
Operating rates at the plants may be cut to 70-80%, the source said.
Honam’s sales margins in PP are being squeezed by high prices of feedstock propylene in
The producer has a new 200,000 tonne/year PP plant at Yeosu that it hopes to start up on 23 April.
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