19 December 2008 10:38 [Source: ICIS news]
TOKYO (ICIS news)--Japan’s largest ethylene producer Mitsubishi Chemical (MCC) has further cut its crackers’ operating rate to 70% due to poor demand for ethylene derivatives, a company spokesman said on Friday.
The company announced in October it planned to operate its crackers at a combined rate of 80-85% through the end of the year due to sluggish demand for ethylene derivatives.
However, demand declined further in October and November, and MCC decided to bring the operating rate down to 70% from late November, the spokesman said.
The company’s Kashima cracker No 1 in ?xml:namespace>
According to the spokesman, the facilities at Kashima producing 371,000 tonnes/year of styrene monomer (SM), a derivative product of ethylene, were currently operating at a 70% rate.
MCC did not have a clear outlook on future operating rates of its chemical plants, the spokesman said.
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