Malaysia’s Titan Petchem trims operating rates at naphtha cracker

22 February 2010 03:56  [Source: ICIS news]

SINGAPORE (ICIS news)--Malaysia’s Titan Petchem has trimmed operating rates at its 400,000 tonne/year naphtha cracker due to a minor furnace problem over the weekend, an industry source said on Monday.

The No 2 cracker is now running at 95-96%, down from 100% previously, he added.

“One of the furnaces is facing some problem which will be resolved in the next two days,” the source said.

Titan’s No 1 naphtha cracker of 300,000 tonnes/year was operating at full rate, he added.

Asia’s first-half April open-spec naphtha jumped $16.50-17.50/tonne (€12.05-12.78/tonne) CFR (cost and freight) Japan from Friday to $713.50-716.50/tonne CFR Japan on Monday, sparked by a rally in crude which topped $80/bbl, ICIS pricing data showed.

($1 = €0.73)

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By: Felicia Loo

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