Sinopec SABIC Tianjin Petrochemical cuts phenol/acetone output

12 December 2012 08:02  [Source: ICIS news]

MELBOURNE (ICIS)--China’s Sinopec SABIC Tianjin Petrochemical has cut the operating rate at its 350,000 tonne/year phenol/acetone unit at Binhai to 70-80% capacity, a company source said on Wednesday.

The producer cut its plant operating rate from 100% capacity in response to margin erosion caused by persistently high feedstock benzene costs as well as a build-up in its phenol inventory, the source said.

The output cut will continue until the market situation improves, the company source added.

Sinopec SABIC Tianjin is the second phenol/acetone producer in China to reduce its plant operating rate, following similar actions taken by Bluestar Harbin Petrochemical in the previous week.

Additional reporting by Trisha Huang


By: Jenny Yi



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

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