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Michele Pek on Muck Rack

Michele Pek

As seen in: MSN, MSN Ireland, MSN Singapore, Reuters, Terra, Yahoo Canada, Yahoo News Malaysia, Yahoo Singapore, La Nación (Argentina), Yahoo Finance Canada and
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Articles

Taiwan Styrene Monomer to shut EBSM unit indefinitely in October

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By Michele Pek
| Chemical Week Verified
Taiwan Styrene Monomer Corp. (TSMC) will shut its 180,000 metric tons/year ethylbenzene/styrene monomer (EBSM) unit at Kaohsiung indefinitely in October, a company source said July 27, attributing the shutdown to "safeguarding shareholders' interests." "The unit is currently running at about 60% capacity," the source said. The source added that the company's other styrene unit at Kaohsiung, with a capacity of 160,000 mt/y, is also currently shut, without specifying the timing or reason.
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Kumho Petrochemical runs ABS plant at 50%

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By Michele Pek
| Chemical Week Verified
Kumho Petrochemical Co. (Seoul) is currently operating its 290,000 metric tons/year acrylonitrile-butadiene-styrene (ABS) plant at 50%, a source close to the company with knowledge of the matter said June 29, amid a “severe downturn in resin demand.” “Since there are no signs of demand recovery, Korean spot purchases [of styrene] for August will be limited,” the source added. The company did not respond to an official request for comment from Platts, part of S&P Global Energy, on June 29.
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Asia aromatics reach multimonth high after crude rally amid Middle East tensions

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By Ashley Peh, Haitian Fang, Isaac Foong, Michele Pek, pankaj rao, Sophia Yao, Zi Nin Tan
| S&P Global Verified
Asian aromatics have reacted to crude oil hike amid the geopolitical tensions in the Middle East, with several aromatics products reaching a multi-month high on March 3. At 4:30 PM Singapore time (0830 GMT), the ICE May Brent futures contract was up $8.36/b (11.69%) from the previous close at $79.88/b March 3.
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