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



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly