Indonesia's petrochemical maker PT Chandra Asri will shut its sole naphtha cracker next October for routine maintenance lasting 40-45 days, traders said on Wednesday.
Chandra Asri operates a 600,000 tonne-per-year (tpy) unit, which is currently the country's only cracker. It had recently merged with PT Tri Polyta Indonesia (TPIA), its propylene buyer.
Chandra Asri imports a portion of its feedstock for the cracker, which needs around 1.8 million tonnes of naphtha year if operated at full capacity. The Indonesian firm last Friday bought a naphtha parcel for early-December arrival from a Japanese trader. But price details were not disclosed.
Naphtha sentiment was strong in recent weeks due to robust demand from North Asia, pushing cracks to a 7-½ month high on Monday to $154.68 a tonne premium before easing to $153.58 a tonne premium on Tuesday.Source: Reuters
Chandra Asri operates a 600,000 tonne-per-year (tpy) unit, which is currently the country's only cracker. It had recently merged with PT Tri Polyta Indonesia (TPIA), its propylene buyer.
Chandra Asri imports a portion of its feedstock for the cracker, which needs around 1.8 million tonnes of naphtha year if operated at full capacity. The Indonesian firm last Friday bought a naphtha parcel for early-December arrival from a Japanese trader. But price details were not disclosed.
Naphtha sentiment was strong in recent weeks due to robust demand from North Asia, pushing cracks to a 7-½ month high on Monday to $154.68 a tonne premium before easing to $153.58 a tonne premium on Tuesday.Source: Reuters
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