South Korea's Kumho raises ABS operating rate in May

15 May 2013 08:26  [Source: ICIS news]

SINGAPORE (ICIS)--Korean Kumho Petrochemical Co has increased the operating rate of its acrylonitrile-butadiene-styrene (ABS) facility in May, according to company sources.

The 250,000 tonne/year plant located in Ulsan was operating at around 60% of capacity in April amid a slump in demand.

The company has increased output rate to above 80% in May as the third quarter Chinese manufacturing season for export nears.

Spot prices have recently rebounded with buying interest on the increase. ABS prices rose above $1,900/tonne CFR NE Asia for certain brands in the first half of May, up from the mid-to-low $1,800s/tonne CFR NE Asia in late April. 

Other Korean ABS makers include LG Chem, Cheil Samsung and Styrolution.

($1 = €0.77)

By: Clive Ong
+65 6780 4359

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