Indonesia's Chandra Asri cuts naphtha cracker run rates to 75-80%

04 November 2010 03:13  [Source: ICIS news]

SINGAPORE (ICIS)--Indonesia’s Chandra Asri has cut operating rates at its 600,000 tonne/year naphtha cracker in Merak, West Java to 75-80% since last week, partly due to squeezed margins from weakening ethylene spot prices, a company source said on Thursday.

Prior to the reduction, the cracker operated at 93-94% of its nameplate capacity, the source said.

“With the current situation in ethylene, we have to cut back the rates,” he added.

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By: Felicia Loo

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