SINGAPORE (ICIS)---South Korea’s Daelim Industrial plans to shut its high density polyethylene (HDPE) plant in Yeosu for a month by end September, a company source said on Thursday.
Due to the planned shutdown of its HDPE plant, Daelim has halted offers to overseas spot markets from July.
“In line with the planned shutdown, we have halted offers to overseas markets to hold on to our inventories for the domestic market, which remains our priority,” the source said.
Daelim estimates to export around 100,000 tonnes/year from its HDPE plant, which the source estimated the total capacity to be at 300,000 tonnes/year for different HDPE grades. The plant focuses mainly on the HDPE blow moulding grade and in smaller quantities the HDPE film and HDPE injection grades.
The producer exports to various overseas markets such as China, southeast Asia and Latin America.