12 April 2013 04:09 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan's China Petrochemical Development Corp (CPDC) is running its 240,000 tonne/year acrylonitrile (ACN) plant in Kaohsiung, Taiwan, at a reduced rate of 85% this month amid weak demand, a company source said on Friday.
The plant's run rate was further lowered from 90% in March as ACN prices continue to fall, the source said.
Asia ACN prices have fallen by 10% from early March to $1,750-1,850/tonne CFR (€1,330-1,406/tonne) NE (northeast) Asia on 5 April, according to ICIS.
CPDC plans to further cut the plant's operating rate in May if market conditions failed to improve, the source said.
($1 = €0.76)
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