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.
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.
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