Japan’s Mitsubishi Chem to keep 85-90% cracker run rates into Dec

21 November 2012 03:25  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Mitsubishi Chemical plans to maintain an 85-90% operating rates at its three crackers into December, a company official said on Wednesday.

It plans to keep running its 500,000 tonne/year Mizushima cracker at 85% and its two crackers in Kashima – a 392,000 tonne/year No 1 unit and a 489,000 tonne/year No 2 unit – at above 90% of capacity, the official said.

“Based on November demand and the shutdown of Kashima No 2 cracker in October, we have no plans to reduce our cracker operating rates in December because we need to recover our volumes,” the official said.

The No 2 cracker in Kashima had a three-week outage because of a technical fault related to power supply issues, and was restarted on 27 October.

Ethylene spot prices in northeast Asia fell $30-40/tonne (€23-31/tonne) to $1,250-1,280/tonne CFR NE Asia during the week ended 16 November amid ample supply and weak demand, according to ICIS.

($1 = €0.78)

By: Helen Lee
+65 6780 4359

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