26 June 2007 10:06 [Source: ICIS news]
SINGAPORE (ICIS news)--Mitsui Chemicals, Japan’s second largest olefins producer, has shut one of its crackers for a turnaround and may need to purchase one spot ethylene cargo, a company source said on Tuesday.?xml:namespace>
The 455,000 tonne/year cracker in ?xml:namespace>
He added that propylene inventory was very well balanced in July and August and they would not need to make any purchases in the spot market. On the other hand, the company may need to purchase a spot ethylene cargo although some shipments have already been procured through swap arrangements with other domestic producers, he said.
This is the third cracker to be shut in
Two more crackers are scheduled to be shut this year. Mitsui Chemical’s 553,000 tonne/year
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