Japan’s Maruzen runs cracker at full rate
03 August 2010 07:10 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Maruzen Petrochemical is operating its 520,000 tonne/year naphtha cracker at Chiba at full capacity this month, a company source said on Tuesday.
“As for September, we are not sure whether we will maintain runs [at 100%],” said the source. "Margins are not good for petrochemicals," the source added.
Regional naphtha market was awash with supply while demand trickled down, as end-users took their time to shop for cargoes, traders said.
Asian first half September contract rose to a seven-week high of $678-681/tonne (€515-518/tonne) CFR Japan on the back of solid crude futures at above $81/bbl, ICIS data showed.
($1 = €0.76)
To discuss issues facing the chemical industry go to ICIS connect
By: Felicia Loo
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 |
Related Articles
- 04 Nov 10 02:54 Japan’s Maruzen buys 25,000t naphtha; Chiba cracker runs at 100%
- 03 Aug 10 05:00 NOON SNAPSHOT - Asia Markets Summary
- 03 Aug 10 11:06 S Korea’s KPIC seeks 400,000t term naphtha
- 03 Aug 10 07:46 Adnoc offers 75,000 tonnes of spot naphtha for September
- 03 Aug 10 07:20 Kuwait Petroleum offers 75,000 tonnes of naphtha for H1 Sep
- 03 Aug 10 04:36 Japan PX makers rule out renegotiation of $890/t Aug ACP
- 02 Aug 10 10:33 Formosa’s Mailiao complex expansion may face delay after fires
- 02 Aug 10 10:44 Indian Oil sells 100,000 tonnes of naphtha for second-half August
- 02 Aug 10 08:52 Pakistan sells 20,000t naphtha for August
- 06 Jul 10 04:38 Japan’s Maruzen runs cracker at 100%; shuns spot naphtha imports
- 24 Jun 10 05:39 Maruzen restarts benzene production in Chiba after shutdown
- 10 Jun 10 13:01 Japan Maruzen posts FY operating profit of Y7.98bn, reverses loss
- 26 Apr 10 10:52 Japan's Maruzen runs MEK unit at 70% ahead of turnaround
Latest News
- 23 May 13 03:11 China’s Sinochem Fuling to start up sulphuric acid unit in Q4 2013
- 23 May 13 00:18 LNG exports can benefit US but need limits and future guidelines
- 22 May 13 23:59 Europe May ethanolamine prices move down on feedstock fall
- 22 May 13 23:59 Europe Q3 mid-cut alcohol prices expected to rise
- 22 May 13 23:59 Europe May MDI contract price settle at ollovers, modest price adjustments