15 March 2013 04:58 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan Prosperity Chemical Corp (TPCC) may cut the operating rate at its phenol/acetone plant at Kaohsiung in April if current weak market condition continues, market sources said on Friday.
The plant, which has a phenol nameplate capacity of 360,000 tonnes/year and an acetone nameplate capacity of 220,000 tonnes/year, resumed full operations in March, a company source said.
The phenol/acetone plant’s operating rates were cut to 70-80% capacity in January and February, because of poor margins, the source added.
Trade was subdued, as demand in the major China market has yet to see a strong improvement, while the recent volatility in crude futures and upstream benzene costs have dampened buying sentiment, sources said.
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