11 September 2012 10:13 [Source: ICIS news]
“We have no plans to reduce the cracker operating rates yet, but if naphtha values increase, then we may reduce rates to 80% for the mixed-feed cracker,” the source said.
The I-4 No 1 cracker can feed on both naphtha and ethane.
Naphtha prices in Asia closed at $1,010.50-1,012.50/tonne (€788.19-789.75/tonne) CFR (cost and freight)
Meanwhile, PTTGC’s ethane-based 400,000 tonne/year I-4 No 2 cracker in Map Ta Phut is currently running at full capacity, the source said.
($1 = €0.78)
With additional reporting by Felicia Loo
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