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
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