04 April 2013 08:55 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Kumho Mitsui will restart its methylene di-p-phenylene isocyanate (MDI) facility on 10 April after the completion of maintenance work, sources familiar with the matter said on Thursday.
The facility, located in Yeosu, South Korea, has a nameplate capacity of 200,000 tonnes/year. It was taken off line in mid-March for three weeks of planned maintenance.
As a result of reduced spot availability and high benzene feedstock costs since the beginning of the year, Asia’s polymeric MDI prices rose in March to reach a quarterly high of $2,350-2,450/tonne (€1,833-1,911/tonne) CFR (cost and freight), according to ICIS data.
Founded in 1989, Kumho Mitsui Chemicals is a 50:50 joint venture between South Korea’s Kumho Petrochemical and Japan’s Mitsui Chemicals.
($1 = €0.78)
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