Despite restart of naphtha unit, CPC to skip spot naphtha purchase in Q3

17-Jul-12

CPC Corp has restarted its No. 4 naphtha cracker at the weekend following a two-week shutdown for repair works. However, the Taiwanese major will skip buying spot naphtha all through Q3-2012 as it has sufficient stocks, as per Reuters. CPC will not buy any spot full-range naphtha as it has sufficient stocks through the third quarter, and possibly even the fourth-quarter. CPC's 380,000 tpa No. 4 cracker is currently running at 85-90% of capacity, while its 500,000 tpa No. 5 cracker is operating around 90% of capacity.