Japan’s Maruzen may keep naphtha cracker run rates at near 90%

08 February 2013 02:40  [Source: ICIS news]

SINGAPORE (ICIS)--Japanese chemical producer Maruzen Petrochemical may continue running its 520,000 tonne/year naphtha cracker at Chiba at close to 90% of capacity up to  March, a company source said on Friday.

The cracker has been operating at this rate since the start of the year, up from 85% in December 2012, the source said.

Higher ethylene prices over the past four weeks underpinned the strong cracker runs in Japan, traders said.

On 7 February, ethylene prices in Asia rose to $1,380-1,410/tonne (€1,035-1,058/tonne) CFR NE (northeast) Asia on 7 February, up by an average of $45/tonne or 3.3% from four weeks ago, ICIS data showed.

($1 = €0.75)

By: Felicia Loo

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