SINGAPORE (ICIS)--South Korea’s Hyundai Cosmo (HC) Petrochemical is currently operating its 800,000 tonne/year paraxylene (PX) unit in Daesan at 75% of capacity, a company source said on Monday.
The unit was previously operating at around 80-85% in January, according to the source.
HC Petrochemical further cut operating rates at the 800,000 tonne/year PX unit from 1 February because of the weak margin spread between isomer-grade xylene and PX, the source added.
The spread between isomer-grade xylene and PX stood at $150/tonne on 30 January, according to ICIS data.
Typically, a healthy spread between both products is at around $200-220/tonne, according to several market participants.
The company’s other 380,000 tonne/year PX unit at the same site is currently operating at full tilt, the source added.
S Korea's Hyundai Cosmo operating Daesan PX unit at 75%
03 February 2014 06:53 Source:ICIS News