MOSCOW (MRC) -- Hyundai Cosmo Petrochemical (HCP) is in plans to shut its No 1 aromatics plant for maintenance turnaround, as per Apic-online.
A Polymerupdate source in South Korea informed that the plant is likely to be shut in end-April 2015. It is planned to remain off-stream for around 40 days.
Located in Daesan, South Korea, the plant can produce 380,000 tonnes/year of PX and 120,000 tonnes/year of benzene.
As MRC wrote before, Indonesian state-owned energy company Pertamina shut down its aromatics plant in Indonesia for a 40-day maintenance turnaround in end-September 2014. Located in Cilacap, Indonesia, the plant has a PX capacity of 270,000 mt/year and benzene capacity of 110,000 mt/year.
Besides, South Korean petrochemical company LG Chemical took off-stream an aromatics plant in South Korea for maintenance turnaround on October 15, 2014. It remained off-stream till end-November 2014. Located at Yeosu in South Korea, the plant has a benzene capacity of 240,000 mt/year, toluene capacity of 100,000 mt/year and solvent-grade MX capacity of 55,000 mt/year.
MRC
MOSCOW (MRC) -- Mogilevkhimvolokno, the only Belarusian producer of polyethylene terephthalate (PET) chips, has announced to its customers a reduction in export prices for December shipments, according to ICIS-MRC Price report.
Export prices were reduced by EUR51-53/tonne FCA Mogilev, excluding VAT.
The producer is making concessions to buyers on the back of the overall downward price trend in Europe and Asia. The purchasing power of Belarusian PET consumers fell in the CIS countries. Consumers said they expect prices in foreign currencies to go down in December, following the November devaluation of the national currencies in Ukraine and Russia.
Open Joint Stock Company "Mogilevkhimvolokno" is the only Belarusian major producer of dimethyl terephthalate, PET polyester chips, food grade PET, polyester fibers and yarns and the main feedstock supplier for consumer industry of Belarus. The state's share in the company is 90.53%.
MRC
MOSCOW (MRC) -- Polystyrene (PS) buyers in the CIS markets said they expect import prices of PS and styrene plastics in Europe to go down in December, according to ICIS-MRC Price report.
December contract prices of European PS will be reduced for consumers in the CIS countries. The reason for the price reduction are new prices of styrene monomer (SM), down by EUR150/tonne from November. A slump in prices in Asia is also putting preassure on PS producers in Europe. Producers will have to make concessions to their customers in the last month of 2014. Producers are expected to reduce their prices by EUR100-150/tonne.
November export prices of high impact polystyrene (HIPS) in Asia fell by USD110-140/tonne for consumers in the CIS countries. Prices of general purpose polystyrene (GPPS) in Asia slumped by USD120-140/tonne. Prices of expandable polystyrene (EPS) have fallen by USD120-140/tonne for importers from the CIS market since early November.
MRC