Cytec Industries cuts ACN production by 25% at Louisiana

22-Jul-08
The latest hike in propylene prices has claimed another victim- Cytec Industries has slashed production rates by 25% at its 227,250 tpa Fortier plant in Louisiana. Cytec has exited out of the spot market until customers are willing to pay more for material or raw material costs subsided. In a bid to cope with record high input costs, ACN prices have already been hiked by 46% by the company in Q2 - devastating market demand.
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