Japan’s Mitsui cuts Singapore phenol/acetone operating rate

29 March 2013 08:10  [Source: ICIS news]

SINGAPORE (ICIS)--Mitsui Phenol Singapore, a unit of Japan’s Mitsui Chemicals, cut the operating rate at its phenol/acetone plant in Singapore on 25 March, a company source said on Friday.

The plant’s operating rate was cut to 80-90% capacity because of unfavourable margins, the source said.

The plant, which can produce 300,000 tonnes/year of phenol and 180,000 tonnes/year of acetone, was running at full capacity prior to the production cuts, the source added.

Its run rate will be kept at 80-90% until end of April if prevailing weak market condition continues, according to the source.

By: Liu Xin
+65 6780 4359

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