17 October 2008 08:52 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s largest cracker operator Yeochun Naphtha Cracking Center (YNCC) plans to further cut production at its three naphtha crackers to 80% starting this weekend due to poor market conditions, a source close to the company said on Friday.?xml:namespace>
“If we see the possibility of an upturn in ethylene prices, then we will increase the operating rate,” the source said, adding that there was no definite timeframe for how long the cuts would remain in place.
YNCC had earlier reduced output to 90-95% at its three crackers in Yeochun, which have a combined ethylene nameplate capacity of 1.8 m tonnes/year.
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