11 May 2012 05:08 [Source: ICIS news]
The company trimmed cracker production to 90% of capacity earlier this month, the source said.
“We are considering to lower the cracker operating rates further to 85%,” the source said in Mandarin.
FPCC has a 700,000 tonne/year No 1 cracker, a 1.03m tonne/year No 2 cracker and a 1.2m tonne/year No 3 cracker in Mailiao that operated at 95-100% in April, the source said.
At midday on Friday, ethylene spot discussions hovered at $1,250-1,270/tonne (€963-978/tonne) CFR (cost and freight) NE (northeast)
The current price levels represent a decline of around $40-50/tonne for ethylene, and a drop of nearly $100/tonne for propylene on a weekly basis, according to ICIS.
Naphtha cracker operators in
Ethylene margins based on naphtha feedstock in northeast
($1 = €0.77)
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