10 July 2013 09:13 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Sinopec Yangzi Petrochemical has been procuring liquefied petroleum gas (LPG) and propane to feed into its 650,000 tonne/year naphtha cracker at Nanjing in Jiangsu province, sources familiar with the issue said on Wednesday.
Jinling Petrochemical, another Sinopec subsidiary, has agreed to supply around 7,000 tonnes of propane to the cracker this month, one shipper said.
In late June, Yangzi Petrochemical bought three LPG cargoes from overseas suppliers, a second shipper said.
The shift to alternative cracker feedstocks could be explained by lower production of naphtha because of weak prices, industry sources said.
It remains uncertain whether Yangzi Petrochemical will continue to use LPG and propane as feedstocks in the months ahead.
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