23 October 2012 03:35 [Source: ICIS news]
The official said, “We will reduce the cracker operating rate in November and December to below 90% because PP demand is very low as supply is long.
“So maybe ethylene supply will decline because we had plans to export ethylene in the fourth quarter.”
The cracker is currently operating at 90% capacity, the official added.
“We have no spot ethylene cargoes for November because of the low price of ethylene and propylene,” he said, adding that the co-product butadiene prices are also low and cracker operators’ cost of production is high.
The PP plant in
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