06 July 2012 03:48 [Source: ICIS news]
The decision to increase production was partly because of recent spikes in prices of ethylene. SCG is a net importer of the product.
Rayong Olefins (ROC) – an 800,000 tonne/year cracker jointly operated by SCG and
The two companies also jointly run Map Ta Phut Olefins Company’s (MOC) 900,000 tonne/year cracker, which is operating at around 90% this month, the source said.
In June, the two crackers were running at 70-80%.
Ethylene spot prices in
Ethylene spot prices were stable at $1,040-1,060/tonne (€842.40-858.60/tonne) CFR (cost and freight) northeast (NE)
($1 = €0.81)
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