Japan’s Mitsui plans 50% phenol/acetone supply cut to China in Q4

23 October 2012 05:59  [Source: ICIS news]

MELBOURNE (ICIS)--Japan’s Mitsui Chemicals plans to cut its phenol/acetone contractual supply to China by as much as 50% during the fourth quarter, a company official said on Tuesday.

The company plans to cut its phenol/acetone contractual shipments to China by about 30,000 tonnes in the fourth quarter, compared with its typical supply volume of 50,000-60,000 tonnes/quarter, following an announcement that it will reduce its Osaka output in November.

Mitsui Chemicals’ decision to reduce output and cut contractual shipments was prompted by unfavourable production economics, which has driven phenol/acetone prices below the cost of feedstocks benzene and propylene.

The company shut its No 1 phenol/acetone as well as bisphenol A (BPA) plants in Chiba on 17 October for annual maintenance.

By: Trisha Huang

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