Japan’s Mitsui Chemicals caps Osaka phenol/acetone output at 70%

04 December 2012 08:38  [Source: ICIS news]

MELBOURNE (ICIS)--Japan’s Mitsui Chemicals plans to continue running its Osaka phenol/acetone plant at a reduced rate of 70% in December because of an ongoing margin squeeze, a company official said on Tuesday.

Output at the Osaka plant, which can produce 200,000 tonnes/year of phenol and 120,000

tonnes/year of acetone, will be capped at 70% of capacity for the entire month, unchanged from November, the official said.

The company first cut its Osaka phenol/acetone output in November in response to unfavourable production economics, underpinned by persistently high feedstock benzene costs and slow phenol/acetone demand from the key China market.

The market situation has not improved this month, the Mitsui Chemicals official said.

In 2011, China purchased about 760,000 tonnes of phenol, mainly from Europe, Taiwan, South Korea and the US.

The country’s approximately 730,000 tonnes of acetone imports in 2011 were supplied predominantly by Taiwan, the US and Europe.

By: Trisha Huang

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

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