01 June 2010 05:36 [Source: ICIS news]
SINGAPORE (ICIS news)--Thailand’s PTT Aromatics and Refining (PTTAR) shut its 560,000 tonne/year paraxylene (PX) unit in Mab Ta Phut on Tuesday for a 30-day scheduled maintenance, a company source said.
The shutdown is expected to ease the supply glut in ?xml:namespace>
Since early this year, spot PX prices had fallen nearly 19% due to oversupply, coupled with a chronic lack of buying interest from end-users who had already secured sufficient volumes through long-term contracts, market sources said.
The company’s other PX facility at the same site, with a nameplate capacity of up to 616,000 tonnes/year of PX, will operate at around 90-95% in June, the company source said.
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