Japan’s Maruzen cuts Chiba cracker run rates to 85% in September

05 September 2012 04:43  [Source: ICIS news]

SINGAPORE (ICIS)--Japanese chemical producer Maruzen Petrochemical has trimmed the operating rates at its 520,000 tonne/year naphtha cracker at Chiba to 85% this month, a company source said on Wednesday.

In August, the company operated the cracker at 86-87% of capacity, the source said.

“The margins are lower and the downstream markets are not doing well,” said the source, explaining the reasons for the rate reduction.

By: Felicia Loo

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