SINGAPORE (ICIS)--India’s Supreme Petrochem expects that output rates at its styrenic facilities will remain low into the third quarter amid sluggish demand in the local and export markets, according to a company source on Thursday.
“Demand in the local market will improve gradually as policies from the new government takes time to filter through,” the source added.
Weak demand in China, as well as a slowdown in the Middle East ahead of the Ramadan, has curtailed resins exports of the company.
The other PS/EPS producer in the country is LG Polymer India.
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