26 March 2013 03:39 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Chemicals & Fibre Corp (FCFC) is planning to cut the operating rate at its phenol/acetone plant in Mailiao to 80-90% capacity in April because of squeezed margins, a company source said on Tuesday.
The producer’s margins have been unfavourable on the back of weak phenol demand, the source added.
The plant, which comprises two lines with a combined 400,000 tonnes/year phenol capacity and 250,000 tonnes/year acetone capacity, is likely to run at the reduced operating rate through April, the source said.
The plant is presently running at full capacity, the source said.
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