China’s SK Networks PS (Shantou) to shut GPPS line on 15 May

14 May 2012 09:52  [Source: ICIS news]

SINGAPORE (ICIS)--China’s SK Networks PS (Shantou) plans to shut its 50,000 tonne/year general purpose polystyrene (GPPS) line in Guangdong province on 15 May, a source close to the company said on Monday.

The source said the company could not confirm when the line will be restarted.

The producer shut the line because of high inventory levels, an industry source said.

The turnaround at the plant will not likely to have impact on the market as downstream demand will remain weak until around July, a market player said.

The producer’s 50,000 tonne/year high-impact polystyrene (HIPS) line and 50,000 tonne/year HIPS/GPPS swing plant at the same site are running at 100% of capacity and will not be shut, according to the source.

By: Iris Xi
+65 6780 4359

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