France’s Rhodia runs ADA plant in Onsan at full capacity

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

SINGAPORE (ICIS)--France’s Rhodia Polyamide is running its 140,000 tonne/year adipic acid (ADA) plant at Onsan in South Korea at full capacity amid low inventory level, a company source said on Wednesday.

“Our plant is running at around full capacity currently because [our] inventory is low,” the source said adding the plant was running at a reduced rate in April due to shortage of feedstock cyclohexanone.

However, the persistently weak demand exerted a downward pressure on ADA prices in Asia, market participants said.

Asia ADA prices for international origin cargoes fell by $50/tonne (€40/tonne) week on week to $1,700-1,800/tonne CFR NE Asia on 23 May, according to ICIS.

ADA is a raw material of polyester polyols, which are used to manufacture shoe soles.

($1 = €0.79)

By: Judith Wang
+65 6780 4359

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