South Korea’s LG Chem to declare force majeure on ethylene supply starting Oct

South Korea’s LG Chem has declared force majeure on ethylene term shipments from October, as its No. 1 naphtha-fed steam cracker in Yeosu will have to be shut mid-September due to mechanical issues, a company official told S&P Global Commodity Insights on Aug. 3. The cracker — with an ethylene capacity of 1,180,000 mt/year and a propylene capacity of 530,000…