06 November 2012 07:38 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Kumho P&B Chemicals has reduced the operating rate of its 130,000 tonne/year No 2 and 150,000 tonne/year No 3 bisphenol A (BPA) lines in Yeosu by 20-30 percentage points, a company source said on Tuesday.
Kumho decided to cut the operating rate of its plant to about 70% after bringing it back on stream on 25-26 October from a scheduled turnaround because of terrible margins, the source said.
The current spread from feedstock benzene is only around $350/tonne (€273/tonne), which is insufficient to cover even their variable cost, the source added.
Taiwan Prosperity Chemical Corp (TPCC) moved forward its scheduled turnaround to 1 November because of poor margins. The plant is expected to remain off line until mid-January 2013.
($1 = €0.78)
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