SOURCE http://2pipsforex.forex.fo

SAMPLE Japan's Maruzen Petrochemical Co Ltd said on Tuesday it plans to shut its sole naphtha cracker in Chiba, east of Tokyo, on Thursday as part of repair work on a secondary unit. Maruzen Petrochemical, which is 40 percent owned by Cosmo Oil Co group, plans to restart the cracker, which has capacity to produce 525,000 tonnes per year of ethylene, on Nov. 20, a company spokesman said. The company will conduct repair work on a cooling system of the secondary unit, prompting a need for the cracker to be shut, the spokesman said. The brief shutdown will have no impact on its product supply to its customers, he added.