Several SM plants across Asia had cutback operating rates last week- The recently restarted Styrindo Mono Indonesia's 100,000 tpa SM plant is operating at 80-90% capacity. S.Korea's Lotte-Daesan's 500,000 tpa plant is running at 95% capacity, planned to get trimmed down by an additional 15%. S. Korean YNCC's 285,000 tpa plant is also running at 85% capacity.
This week has also witnessed production cuts:
Korea's Samsung Total Petrochemicals has shuttered its Daesan plant, bringing forward its original planned date of mid September.
Mainland China's Jiangsu Shuangliang Lishide Chemical Co.'s 200,000 tpa No.1 SM plant is currently shut for maintenance turnaround partly on account of cost factors.
Jinxi Petrochemical Co.'s SM plant that has been under turnaround outage, is planned to be restarted next month.
At Shell Chemical's SM plant, the work of replacement of catalzyer is in progress leading to reduced run rates.
South Korea's SK Corporation plans to defer a four week turnaround at its 370,000 tpa SM plant in Ulsan to H1-2009 instead of this September, mainly on account of healthy profit margins realized in PO manufacture.