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(Reuters) -- Sumitomo Chemical
Co said on Thursday it plans to skip maintenance work at
its sole
naphtha cracker in 2012. A company spokesman said it has lowered the
cracker's
utilisation rate to around 90 percent this month due to weakening
ethylene demand in Asia. It carried out maintenance work on the cracker
from Sept. 1 to early October.
Perspectives
of development of polymer markets, pricing issues and other important aspects
will be discussed at The Polymers Summit-2011, which will be held in Moscow
on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by
MRC with the support of ICIS. The main idea of the Summit is to find a "the
golden mean" between producers and converters. When producers receive exactly
such margin of production, which helps them to invest in production expansion in
order to substitute polymers imports, and the converters receive such price of
feedstock that helps them to compete imported finished products. The Summit site
gives an access to the live video of the Summit, speakers" presentations, as
well as opportunities to ask questions or make appointments to any Summit
partcipant.
mrcplast.com
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