This entry was posted on Thursday, June 24th, 2010 at 3:46 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Market participants said recently, if ethylene prices continue to adjust, the second half of this year the naphtha cracking operators in Asia may be cut device starts.
According to reports, ICIS prices are increasing supply from the Middle East, and stock higher ethylene Asia week prices down to seven months lows, drop to $1000 per ton 930 ~ (CFR, northeast Asia). This year, Japan has 8 sets of ethylene cracking unit overhaul plan, is expected to cease before the end of August. In Asia, there was only Asri company plan Chandra operators device Cilegon located in July to 60 tons/year device starts to 80%, June approximately 90% starts.
In the first half of this year is more than $400 gross ethylene/ton stimulation, Asian naphtha cracking unit starts in general maintenance of 90% to 100%. But since may also up the price of ethylene write-dow has affected the ethylene Maori level. Shanghai China olefin traders think that a future market environment will become more difficult, in Europe the debt crisis of the Chinese government tightening credit worries and scale of consumer demand, which would influence in petrochemical industry.
yinlong