17 September 2012 03:51 [Source: ICIS news]
SK Energy cut the operating rate at its No 1 cracker by 10 percentage point on 5 September from August levels because of poor margins.
“We cut the operating ratio on 5 September simply because of poor economics as naphtha price is high,” the official said.
Prior to the reduction, the No 1 cracker was operated at 85% capacity since early August, up from 70% capacity in July, following an improvement in demand.
“We will maintain reduced rates for one month and we will increase the operating ratio in October,” he said.
Meanwhile, SK Energy will keep running its 690,000 tonne/year No 2 cracker at the same location at full capacity for September, the official added.
Ethylene margins based on naphtha feedstock in northeast
($1 = €0.76)
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