30 June 2010 04:00 [Source: ICIS news]
The cargoes fetched discount levels of between $4.00-5.00/tonne (€3.30-4.10/tonne) to Japan quotes CFR (cost and freight), the source said.
“The current propylene margins could somewhat support maximum run rates,” he added.
LG Chem is currently operating its two naphtha crackers at 100%.
The company operates a 760,000 tonne/year naphtha cracker in Daesan and a newly-expanded 1m tonne/year cracker in Yeosu, according to ICIS. After the debottlenecking, the company also was planning to shut the Daesan cracker for expansion works in March next year to boost the capacity to 910,000 tonnes/year.
($1 = €0.82)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|