PUdaily, Shanghai-South Korea KPX Chemical said it plans to open one TDI plant in 2014 as they think market will remain poor in next year and global supply is exceeding demand, according to a company source.
“We have to open one line as global demand is low and the market is digesting slowly,” said the source, “costs are high for us like rising toluene and DNT.”
Global economy is not so optimistic judging from current status and it is reasonable for the company to keep one line operating.
“If market prices go up to USD2700/ton FOB Korea, then we will consider restarting one line more,” added the source.
Currently, the supplier offers Dec. shipment at USD2500/ton FOB S. Korea but only buyers in Latin Americas like Mexico and Brazil purchase stocks this time and users in Africa is very inactive as they consume inventories.
http://www.pu366.com/News/NewsView.aspx?nid=42445
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