12 March 2010 07:04 [Source: ICIS news]
SINGAPORE (ICIS news)--Mab Ta Phut Olefins Company expects to achieve on-spec production at its 900,000 tonne/year naphtha cracker at Mab Ta Phut in Thailand next week, a source close to the company said on Friday.
New crackers coming on stream in the region and ample supplies from the Middle East had kept ethylene prices below $1,200/tonne (€876/tonne) CFR (cost and freight) SE (southeast) Asia, market sources said.
Spot prices were assessed down $100-120/tonne at $1,120-1,160/tonne CFR SE Asia last week, according to global chemical market intelligence service ICIS pricing.
($1 = €0.73)For more on ethylene and propylene visit ICIS chemical intelligence
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