South Korea’s naphtha-fed steam crackers raise operations to 81% as trucker strike ends

Operating rates at South Korea’s naphtha-fed steam crackers were recovering after truck drivers ended an eight-day strike late June 14, but remained curbed by poor downstream margins for olefin products, market sources said June 17. The country’s cracker run rates rose to average 80.63% June 16 from 75.56% on June 14, but have yet to recover to earlier planned levels…