06 January 2011 10:57 [Source: ICIS news]
“The cracker experienced some problems last year and we heard it may go down for a 10-day shutdown this week or next week,” a Japan-based trader said.
Another trader also said the cracker had experienced some mechanical problems but did not give details.
A Mitsui Chemicals company official declined to comment but said there was no interest to procure spot ethylene cargoes for January or February owing to its balanced position.
The cracker was currently operating at a reduced rate of below 90% capacity, according to the Japan-based trader.
Meanwhile, selling targets for spot ethylene cargoes were pegged at $1,250/tonne (€950/tonne) cost and freight (CFR)
Additional reporting by Felicia Loo
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