24 April 2013 10:01 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Lotte Chemical Corp has reduced the operating rate of its 50,000 tonne/year ethanolamines plant at Jiaxin city in China to 80-85% because of weak demand, a source close to the company said on Wednesday.
In the previous week, the plant was running at close to full capacity, the source said.
China-based traders also said that the company has reduced the running rates at its plant on the back of slow demand in the country.
Demand was slow during the week as buyers held bearish sentiment and were not in a hurry to purchase cargoes, market sources said.
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