22 March 2013 01:52 [Source: ICIS news]
NAGOYA (ICIS)--South Korea’s LS-Nikko Copper plans to restart its copper smelter and sulphuric acid plant in Onsan on 23 March, four days later than originally planned, a source close to the company said on Friday.
The sulphuric acid plant was due to restart on 19 March, according to the source, but the restart was delayed with no reason given.
The unit, which can produce close to 865,000 tonnes/year of sulphuric acid, was shut down on 19 February for a one-month turnaround.
The turnaround has had little impact on the supply-demand balance of sulphuric acid in Asia, as the producer is still fulfilling its contract obligations as scheduled.
LS-Nikko Copper has a second plant, which produces 720,000 tonnes/year of sulphuric acid, operating at full capacity.
Suppliers are concerned that the restart of LS-Nikko Copper’s smelter will add to the current oversupply in Asia.
Many sulphuric acid facilities are currently running at full operating rates, while demand for domestic and export cargoes remains weak, sources said.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections