22 May 2012 10:32 [Source: ICIS news]
The three crackers are currently running at full rates, the source said.
YNCC operates a 857,000 tonne/year No1 cracker, a 578,000 tonne/year No 2 cracker and a 465,000 tonne/year No 3 cracker at the site.
Ethylene and propylene spot prices were hovering at four-month lows during the week ended 18 May, as concerns over the poor performance of key derivatives such as polyethylene (PE) and polypropylene (PP) weighed on market sentiment.
Ethylene was assessed at $1,110-1,200/tonne (€866-936/tonne) CFR (cost and freight) northeast (NE)
Falling olefins prices partly drove ethylene margins to slip by $8/tonne week on week to $119/tonne in northeast
($1 = €0.78)
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