S Korea’s HC Petchem further cuts No 2 PX unit run rate to 80%

09 August 2013 09:06  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Hyundai Cosmo (HC) Petrochemical has further cut production at its 800,000 tonne/year No 2 paraxylene (PX) unit in Daesan on Friday, a company source said.

The company is currently operating the unit at around 80%, down from 85-90% previously, because of squeezed margins between feedstock mixed xylenes and PX, the source said.

HC Petrochemical earlier cut production in early August.

“It [reduced run rates] will last until the margin recovers,” said the source.

By: Samuel Wong

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