14 March 2008 10:40 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea's SK Energy will keep output at its No 1 naphtha cracker in Ulsan at 75% of capacity on the back of surging naphtha feedstock costs, a source close to the company said on Friday.
The company’s 190,000 tonne/year ethylene plant at the same site will continue to run at 75% of capacity in April, after production was cut in early March due to high naphtha costs.
Subsequently, ethylene production loss at ?xml:namespace>
Meanwhile, naphtha prices continue bubbling around $900/tonne CFR (cost and freight) Japan, while spot ethylene prices have held steady around $1,200/tonne CFR NE Asia (northeast Asia).
SK Energy’s larger No 2 cracker in
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections