Key OX makers, such as South Korea’s KP Chemical and Taiwan’s Formosa
Chemicals and Fibre Corp (FCFC), kept the operating rates at their OX facilities
low in October-December 2011 in favour of PX production.
KP Chemical operates two OX lines at Ulsan with a combined capacity of
230,000 tonnes/year, while FCFC runs three facilities at Mailiao that can
produce a total of 475,000 tonnes of OX per annum.
Plans by Iran’s Petrochemical Commercial Company (PCC) to cut its OX
exports by more than half in 2012 are also expected to exacerbate the supply
tightness.
|