27 October 2011 05:08 [Source: ICIS news]
JX Nippon operated the cracker at around 95% of capacity in September, the source said.
“The market is very bad,” he added.
The ethylene margin was assessed at $15.00/tonne (€10.80/tonne) in the week ended 21 October, according to ICIS.
In order for cracker operators to yield a profit, the minimum spread between ethylene and naphtha should be $250/tonne, traders said.
The margin had plunged because of falling downstream prices for key petrochemical products, they added.
($1 = €0.72)
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