Malaysia’s Titan Chemicals to run BD unit at 90% in June

05 June 2012 08:04  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s Titan Chemicals is running its 100,000 tonne/year butadiene (BD) unit at Pasir Gudang in Malaysia at 90% of capacity in June this year because of poor margins, a company source said on Tuesday.

The company is expected to run the plant at 90%  of capacity throughout the month after reducing its run rate on 1 June, the source said, adding that the unit was previously running at 100%.

BD spot prices have plummeted since February this year when prices hit $4,000/tonne (€3,200/tonne) CFR (cost and freight) northeast (NE) Asia.

In the week ended 1 June, BD spot prices were at $1,850-1,900/tonne CFR NE Asia, down by $600/tonne since 4 May, ICIS data showed.

The company’s production loss of 1,000 tonnes during this period is not expected to have a significant impact on pricing, industry sources said.

Titan Chemicals is the latest regional producer to cut the operating rate of its BD plant because of poor market conditions, they added.

Other BD producers who have reduced their operating rates include South Korea’s Yeochun NCC (YNCC) and Taiwan’s Formosa Petrochemical Corp (FPCC) and CPC Corp.

($1 = €0.80)

Please visit the complete ICIS plants and projects database


By: Helen Yan
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index