14 June 2012 05:12 [Source: ICIS news]
“We have set a target of an overall 20% production cutback in June,” said the source.
Shutdown schedules at its PTA facilities – three in
Samsung Petrochemical’s three operating PTA plants, with a combined capacity of 1.55m tonnes/year, are currently running at 95% of capacity, the source said.
Its 450,000 tonne/year No 2 plant in
The two other units in
“We received notice from Samsung Petrochemical to cut allocation in July,” said a source from a Zhejiang-based polyester producer, adding that the company is seeking available cargoes in the Chinese domestic market to plug its PTA shortfall.
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.
|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|
Asian Chemical Connections