18 February 2013 09:47 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Mitsubishi Chemical has lifted its cracker operating rates to 90-95% capacity in February, up from around 90% in January, a company source said on Monday.
A weaker yen has helped to make exports of petrochemical products more attractive, prompting Japanese producers to raise cracker run rates, traders said.
Meanwhile, Mitsubishi Chemical 493,000 tonne/year naphtha cracker in Mizushima is slated to be shut from mid-May to early July and its 489,000 tonne/year No 2 cracker in Kashima will be shut in mid-August for 50-55 days.
There is no turnaround scheduled for its 392,000 tonne/year No 1 cracker in Kashima this year.
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