Thailand’s IRPC shuts slackwax facility in Rayong for 10 days

20 January 2011 09:09  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s Integrated Refinery & Petrochemical Complex (IRPC) shut down its 60,000 tonne/year slackwax facility in Rayong on 17 January for maintenance, a company official said on Thursday.

The plant would remain off line for around 10 days, the official added.

The date was brought forward from 1 February as the company had sold out its inventory earlier than expected, the source said.

“We thought we will start around late January to build up stocks in anticipation of the demand after Lunar New Year holidays,” he said.

Slackwax is crude wax produced as a by-product of refining Group I base oils, and the type IRPC produces is less than 10% oil content. It is a raw material for paraffin waxes.

Slackwax prices were assessed steady at $830-870/tonne (€614-644/tonne) FOB (free on board) Asia for the month of January.

 ($1 = €0.74)

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By: Heng Hui
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