15 February 2013 03:48 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC), which is currently running its three Yeosu-based crackers at full tilt, will start partially using liquefied petroleum gas (LPG) as feedstock from March, traders said on Friday.
The company recently bought 22,000 tonnes of LPG for February-March delivery, and from March onwards, its production will be derived from 95% naphtha and 4-5% LPG, they said.
High naphtha prices prompted YNCC to introduce LPG in its cracker feedstock mix, traders said.
Meanwhile, YNCC would not seek spot naphtha supply, they added.
The naphtha premiums increased recently because of tight naphtha supply and strong demand for the petrochemical feedstock, traders said.
Asia’s naphtha prices stood at $1,058.50-1,061.50/tonne (€793.88-796.13/tonne) CFR (cost & freight) on Friday morning, according to ICIS data.
($1 = €0.75)
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