17 March 2011 08:46 [Source: ICIS news]
By Peh Soo Hwee
Mitsubishi Chemical’s two crackers in Kashima, along with Maruzen Petrochemicals’ 520,000 tonne/year ethylene plant in
JX Nippon Oil and Energy’s 460,000 tonne/year cracker and an olefins conversion unit (OCU), which can produce 140,000 tonnes/year of propylene, in
“We have no idea when the crackers will restart,” said a company source from Mitsubishi Chemical.
Traders said it might take a longer time for Mitsubishi’s two crackers, which have a combined ethylene capacity of more than 800,000 tonnes/year, to resume operations as infrastructure at the site was badly damaged.
Keiyo Ethylene’s 740,000 tonne/year cracker in
On the other hand, Mitsui Chemicals has increased the operating rate at its 617,000 tonne/year cracker in
Maruzen, Showa Denko and Tonen are regular exporters of ethylene.
As for propylene, key exporter JX Nippon Oil and Energy’s fluid catalytic cracker (FCC) at
JX Nippon Oil’s 270,000 bbl/day refinery in Negishi, however, was now expected to resume operations next week, said another company source.
Spot discussions were thin during the week as market participants stayed on the sidelines to assess the impact from the 9.0-magnitude earthquake and tsunami that struck
Buying interest remained thin for ethylene as ongoing and upcoming derivative plant turnarounds in the leading Chinese market capped demand for spot cargoes.
Ethylene spot prices were mainly stable at around $1,300/tonne (€936/tonne) CFR (cost and freight) northeast (NE)
For propylene, selling ideas were raised at above $1,600/tonne CFR NE Asia for end-March/early April arrival cargoes, but competitively-priced domestic material in
Below is the operating status of the crackers in
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