17 October 2012 08:04 [Source: ICIS news]
MELBOURNE (ICIS)--Taiwan Prosperity Chemical Corp (TPCC) may cap its Kaohsiung phenol/acetone plant operating rate at 90% in November amidst the ongoing margin squeeze, a company source said on Wednesday.
The plant has a nameplate capacity of 360,000 tonnes/year of phenol and 220,000 tonnes/year of acetone.
Similar actions were taken in October due to the comparatively high feedstock benzene costs and sluggish demand from China, the world’s biggest phenol importer.
China purchased about 760,000 tonnes of phenol in 2011, chiefly from Europe, Taiwan and South Korea and the US.
“The cost of benzene has stayed high, while phenol/acetone producers have not been able to maintain a reasonable margin because of weaker-than-expected demand from China,” the source said.
TPCC will carry out a three-week planned maintenance at its phenol/acetone and bisphenol A (BPA) plants at the same Kaohsiung site on 24 December.
Its BPA facility has a nameplate capacity of 100,000 tonnes/year, according to ICIS Plants and Projects database.
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