26 November 2008 10:55 [Source: ICIS news]
SINGAPORE (ICIS news)--Indonesia’s Pertamina has stopped benzene production at its Cilacap-based unit from November on weak demand from end-users and poor market conditions, a company source said on Wednesday.
The company stopped operating its 96,000 tonne/year benzene unit from November, with a tentative restart time around the beginning of 2009, the source said.
The decision followed a reduction in demand from end-users, who were forced to cut benzene term contracts as they faced a fall in demand from the derivatives segments, the source said.
The Pertamina source said that the steep fall in benzene values since October to the current $300/tonne FOB (free on board) ?xml:namespace>
Pertamina was also operating its 265,000 tonne/year paraxylene (PX) unit at the same complex at 60% capacity since mid-October, the source said.
Some of the key benzene producers in southeast Asia are
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections