06 March 2012 04:00 [Source: ICIS news]
The operating rate at its naphtha crackers was reduced to 90-95% this month from an average rate of close to 100% in February, the source said.
Sinopec operates 16 crackers either on its own or through joint ventures.
Ethylene margins based on naphtha feed in northeast
The margins tumbled by $74/tonne (€56/tonne) to their lowest levels since early December at minus $17/tonne, partly because of spikes in feedstock naphtha prices and a decline in butadiene prices.
($1 = €0.76)
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