Two PET lines of KP Chemical to go off-stream

KP Chemical operates two PET plants in Ulsan. One plant has a single PET line while the other plant has three PET lines.

The plant with the single PET line and one more PET line from the other plant will be shutdown for a maintenance turnaround in October 2012, a company official informed fibre2fashion.

The production capacity of the first line is 200 tons per day and that of the second line is 370 per days, while the combined PET capacity of both the plants is 450,000 ton per annum.

He added that due to the shutdown of two PET lines, the production capacity of both the PET plants will reduce by 15,000 tons per month.

Informing about the current PET price trends, he said, “Crude oil prices had slightly decreased, due which the company tried to maximize its offer price last week to US$ 1500 (FOB Korea).

He added, “But this week, resistance from the buyers is strong, hence the market speculators have also kept a stance of wait and watch and are trying to be quiet flexible enough to offer in the range of US$ 1475/ton to US$ 1485/ton.” 

Fibre2fashion News Desk - India