Thailand's PTT Chemical shuts two crackers on power outage

10 February 2010 09:13  [Source: ICIS news]

SINGAPORE (ICIS news)--Thailand’s PTT Chemical shut two crackers in Mab Ta Phut this afternoon due to a power outage, a company official said on Wednesday.

The affected facilities were the I-4 No 1 and No 2 crackers, which have nameplate ethylene capacities of 515,000 tonnes/year and 400,000 tonnes/year, respectively.

“The crackers should be able to resume normal operations by Friday,” said the source.

PTT's 460,000 tonne/year I-1 cracker at the same site was not affected by the outage and is currently running at 100% capacity, the source said.

PTT also runs a 1 m tonne/year ethane cracker in Mab Ta Phut that is due to restart on 11 February at the earliest after it was taken off line last week due to technical issues, the source said.

Some traders said the outage today could boost demand for spot ethylene from Thailand.

Prices of the monomer had weakened to $1,300-1,350/tonne (€949-985.50/tonne) (CFR (cost and freight) southeast (SE) Asia early this week from levels above $1,350/tonne CFR SE Asia amid lower offers and weak derivative demand, they said.

($1= €0.73)

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By: Peh Soo Hwee
+65 6780 4359

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