15 May 2013 08:26 [Source: ICIS news]
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)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections