Seoul – Kumho Petrochemical’s synthetic rubber (SR) sales dropped 2.5% year-on-year to KRW2.0 trillion (€1.5 billion) in 2018, the company announced 1 Feb.
The statement did not include operating income figures for SR but said profitability had “diminished” during last year.
Kumho Petrochemical also noted “plummeting sales prices” in November ,due to a decline in butadiene (BD) prices.
Indeed, the company said Asian BD prices fell throughout the fourth quarter on slowing demand downstream.
Prices for the monomer, it said, fell 29% quarter-on-quarter to around $1,140/tonne by the end…