S Korea’s YNCC mulls further cracker cuts

12 November 2008 09:33  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea’s largest cracker operator Yeochun Naphtha Cracking Center (YNCC) is considering further production cuts due to weak downstream demand, a company source said on Wednesday.

“There is no conclusion right now,” the source said when asked if the company had trimmed operating rates at its three crackers in Yeocheon to 50%, as was reported by a news agency.

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

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By: Peh Soo Hwee
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