06 July 2010 04:38 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan’s Maruzen Petrochemical will continue to operate its 520,000 tonne/year naphtha cracker in Chiba at full capacity and will not seek spot naphtha imports amid sufficient inventories, a company source said on Tuesday.
“The cracker is running at 100% and this will continue. There is no requirement for spot imports as the company has enough stocks,” the source said.
Asian naphtha’s second-half August contract lost $7.50-8.50/tonne (€6.0-6.8/tonne) from Monday at $609.00-612.00/tonne CFR (cost and freight) ?xml:namespace>
($1 = €0.80)
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