28 October 2013 10:13 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Sae Han Industries has been running its 940 tonnes/day polyethylene terephthalate (PET) plant in Kumi at 85% of capacity, down from 95% from a month ago because of weak market conditions, a company source said on Monday.
The plant consists of three film-grade chips lines, each with a 220 tonne/day capacity, and a fibre-grade chips line of 280 tonne/day capacity, the source said.
PET prices are being dragged down by the continuous weakening in the prices of upstream purified terephthalic acid (PTA).
Demand for PET from downstream display sector has remained weak, with few buying enquiries emerging despite the traditional peak demand season towards the end of the year, the source said.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections