14 November 2012 04:07 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Maruzen Petrochemical will shut its 520,000 tonne/year naphtha cracker at Chiba on 15 November for five days, a company official said on Wednesday.
“We will shut the cracker tomorrow for five days and it will be restarted on 20 November,” the official said, declining to specify the reason for the shutdown.
Ethylene output loss from the shutdown is estimated at 6,000-7,000 tonnes, the source said.
The cracker is currently operating at 85% of capacity, the source said.
Spot officers for ethylene in Asia were $30/tonne (€24/tonne) lower this week at $1,280/tonne CFR NE Asia for December-arrival cargoes amid weak demand and ample supply. Bids were capped at below $1,250/tonne CFR China.
($1 = €0.79)
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