03 February 2010 09:26 [Source: ICIS news]
SINGAPORE (ICIS news)--Mab Ta Phut Olefins Company is on track to start up its new 900,000 tonne/year naphtha cracker in Thailand by late February or early March, a source close to the company said on Wednesday.
Rayong Olefins (ROC), which operates an 800,000 tonne/year naphtha cracker in the same area, is also an existing joint venture between SCG and Dow.
The impending start-ups of new ethylene plants in southeast Asia during the first quarter led to a cautious sentiment, market sources said.
There was a strong buyer resistance to selling targets for ethylene at above $1,400/tonne (€1,008/tonne) CFR (cost and freight) SE (southeast Asia) this week, they added.
($1 = €0.72)
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