16 March 2010 07:07 [Source: ICIS news]
SINGAPORE (ICIS news)--Thailand’s PTT Chemical is running its new 1m tonne/year cracker in Mab Ta Phut at around 60% of capacity due to a shortage of ethane gas feedstock, a company official said on Tuesday.
The company did not rule out importing ethylene but had yet to start discussions this week, the official added.
Ethylene spot prices were stable at $1,120-1,160/tonne (€817.6-846.8/tonne) CFR (cost and freight) southeast Asia last week, according to ICIS pricing.
PTT also runs three other crackers in the area, which have a combined ethylene capacity of around 1.38 m tonnes/year.
($1 = €0.73)
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