PCS to shut down aromatics unit in mid-2008

24 September 2007 09:37  [Source: ICIS news]

SINGAPORE (ICIS news)--Petrochemical Corp of Singapore (PCS) will shut down its toluene and mixed xylene lines at its No 1 cracker between June and July next year, said a company source on Monday.

 

The scheduled shutdown at the Jurong island-based plant was expected to last for about 30-35 days, he added.

 

Expansion of production capacity was not being planned during the shutdown.

 

PCS could produce a total of about 150,000 tonnes/year of toluene and 75,000-80,000 tonnes/year of solvent grade xylene from its two crackers, the source added.

 

The company is one of the leading suppliers of toluene and solvent grade xylene in southeast Asia.

 

Last week, toluene prices in Asia rose sharply by $35-40/tonne to $820-835/tonne FOB (free on board) Korea, on the back of record high crude values.

 

Solvent grade prices in Asia also firmed by $10-15/tonne to $825-835/tonne FOB Korea on Friday, according to global chemical market intelligence service ICIS pricing.

By: Mahua Chakravarty
+65 6780 4359

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