Chandra Asri to shut plant

Fri, 12 Dec 1997, 00:00 WIB | Source: REUTERS

SINGAPORE (Reuters): Indonesia's PT Chandra Asri, the
country's only olefin producer, is planning to shut its 520,000
ton per year ethylene cracking complex located in Cilegon, West
Java for 10 days in July for maintenance, a company source said
yesterday.

But the source declined to give further details.

Traders said that the plant had an unscheduled shutdown
recently.

They said the unscheduled shutdown, combined with other
outages in China fueled a rise in spot ethylene prices.

Ethylene spot prices went up to US$540 per ton cost-and-
freight Southeast Asia from $340 in September as a result of the
outages.

But the source said the cracker is now running at full
capacity.

The company is planning to expand the cracker's ethylene
capacity by 150,000 tons per year sometime after 1999.

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