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Taiwan’s Kaofu cuts operating rates on weak PS demand

by ChemOrbis Editorial Team -
  • 09/07/2015 (15:20)
According to a source close to the company, Taiwan’s Kaofu Chemical Corp. lowered operating rates at their GPPS and HIPS lines to 70-80%, citing weak demand in the region. The company is able to produce 50,000 tons/year of both GPPS and HIPS at their facility.

Previously, a Southeast Asian producer had also stated, "We reduced our operating rates to around 90% of capacity in the face of sluggish demand and rising stock levels.” In Asia, buyers are unwilling to make new purchases nowadays as they think that PS prices still have some room to decline due to lower feedstock prices and weak energy markets.
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