Japan’s Sumitomo reduces cracker rates to 85% on weak PE demand
29 August 2012 12:14 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Japan’s Sumitomo Chemical is reducing the operating rate of its 415,000 tonne/year naphtha cracker in Chiba to 85% capacity by the end of August, following weak demand for downstream polyethylene (PE), a company official said on Wednesday.
“We will operate the cracker at 85% by the end of August as the polyethylene plant operating rates are not high because of limited demand in Japan,” he said, adding that the cracker was operating at a higher rate of 90% capacity earlier in the month.
The company plans to reduce the operating rates of the PE plant to 80% capacity in September, down from the current 90% capacity in order to reduce product stock levels, the official added.By: Helen Lee+65 6780 4359
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