08 October 2007 04:11 [Source: ICIS news]
SINGAPORE (ICIS news)--Petrochemical Corp of Singapore (PCS) will shut its metathesis unit, which has a propylene capacity of 200,000 tonnes/year, for a short maintenance in mid-October, a company source said late on Friday.
The producer has been a regular spot propylene buyer in the past couple of months, due to high operating rates at its downstream derivative units and its pipeline customers, the source previously said.
It purchased two October delivery parcels at slightly above $1,150/tonne CFR (cost and freight)
PCS also operates two crackers within the same facilities in western
PCS is a joint venture company between oil major Shell (50%) and Japan-Singapore Petrochemicals (50%), in which Sumitomo Chemicals is a major shareholder.
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