South Korea’s KPX cuts run rates at Daesan ethanolamines unit

16 June 2014 08:49 Source:ICIS News

SINGAPORE (ICIS)--South Korea's KPX Green Chemical has reduced the operating rate for its 25,000 tonne/year ethanolamines unit in Daesan for June owing to weak demand, a source familiar with the situation said on Monday.

The company lowered the run rates to 85% in June, compared with 95-100% last month, the source added.

“The market situation is not good in [South] Korea and [the] overseas markets,” said the source.

By Felicia Loo