S Korea’s YNCC cuts cracker rates to 70%

28 October 2008 08:46  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea’s largest cracker operator Yeochun Naphtha Cracking Center (YNCC) has cut production at its three naphtha crackers to 70% in the face of declining demand, sources close to the company said on Tuesday.

 

YNCC, which has a combined capacity of 1.8m tonnes/year of ethylene in Yeocheon, has been reducing rates for the past few months in response to slower downstream demand from chemicals and polymers.

 

The cut to 70% operating rates was heard to have started since 24 October.                                                                                                                           

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By: Steve Tan
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