S Korea’s KKPC considers restarting ABS/SAN unit in early June

28 May 2012 10:19  [Source: ICIS news]

SINGAPORE (ICIS)--Korean Kumho Petrochemical Co (KKPC) is looking at restarting its acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) unit at Ulsan in early June, a source close of the company said on Monday.

The facility, which can produce 250,000 tonnes/year ABS and 100,000 tonnes/year of SAN, was shut in the first half of May because of poor market economics, the source said.

The restart could take place as early as 1 June, but could be delayed if market fundamentals continue to deteriorate, the source said.

ABS prices have fallen sharply over past several weeks. In the week ended 25 Mayt, spot prices tumbled to the low $1,800/tonne (€1,440/tonne) CFR (cost and freight) NE Asia levels from around $2,050/tonne CFR NE Asia a month earlier, according to ICIS.

Other ABS producers in Korea include LG Chem and Cheil Samsung.

ABS is a resins used in the manufacturing of toys, consumer electronics, office equipment, as well as in the automotive and construction sectors.

($1 = €0.80)

By: Clive Ong
+65 6780 4359

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