24 October 2012 07:52 [Source: ICIS news]
Idemitsu Kosan's other naphtha cracker in
The company would like to run the Tokuyama cracker at full rates in November, but it depends on co-product propylene, of which there is a huge supply surplus in
Cracker operators must hence reduce operating rates, which may result in ethylene prices staying above propylene prices, he added.
Propylene spot prices gained $20-50/tonne (€15-39/tonne) to $1,340-1,360/tonne CFR (cost & freight) northeast (NE) Asia during the week ended 19 October in line with price hikes in downstream product prices, while ethylene spot prices rose by $20-30/tonne to $1,330-1,380/tonne CFR NE Asia during the same period on supply concerns, according to ICIS data.
($1 = €0.77)
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